Australian (ASX) Stock Market Forum

RXM - Rex Minerals

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new announcement come out today about resource upgrade push the SP up

will Rex eventually be able to beat Sandfire?

finger crossed :D
 
market depth.JPG

I am not an expert, but is someone doing some kind of "fraud" here? :confused:
 
It looks like one or more buyers using computer programmes to buy in small quantities at the offer price.

Theory is that it averages out the cost - or something like that!

;)
 
Is there anything wrong with this stock or is the recent 40% plus slide in price still just part of the broad based correction.
 
Gold price, copper price, high cost caused by low % in ore, and other competitors e.g. SFR

I think those are what caused the price to slide, might wait for a bit before going in

PS. IMO, Rex is overvalued at past price of $3, hence the correction which is also amplified by the recent economic condition
 
Rex Minerals

Hi,
new to forum and share trading so thought I would seek your (collective) advice?

Does any one have any views on a small player on the Yorke Peninsula..Rex Minerals.

Any advice would be good, thanks in advance.

Malachite.
 
Re: Rex Minerals

malachite said:
Should I buy?
Click to expand...

Hi Malachite,

Please note it is against the laws for ASF members to give buy and sell recommendations. Please contact a licensed financial advisor if you need this advice.
 
I have to say that I'm still somewhat surprised that RXM is an independent company, given its tenements are so close to Oz Minerals' tenements. It seems to me that it would make a lot of sense for Oz Minerals to buy out RXM and add its resources to its own resources, which are depleting.
 
Thanks,
just curious on other peoples views, not meaning to infringe ASX ruling.

Regards

Andrew

Price is trending up again.
 
The current share price fall can't be too far away from a Please-explain from the ASX.
 
drsmith said:
The current share price fall can't be too far away from a Please-explain from the ASX.
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Dear Rex Minerals

Please explain why the all the copper and gold miners and the mining sector in general is getting hammered lately.

Yours faithfully

ASX
 
tinhat said:
Please explain why the all the copper and gold miners and the mining sector in general is getting hammered lately.
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That doesn't change the threshold at which the ASX asks questions.

My only interest in the stock is one of curiosity. I grew up in the area they're proposing to mine.
 
Some recent good news for Rex with the recent SA government's Hillside mining lease approval but the euphoria hasn't lasted long with this morning's ASX announcements.

In short, the project financing is looking sufficiently grim that the company is considering a smaller start up operation and as a consequence, the MD has quit.
 
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