RXM Discussion 2022
- Thread starter zeeb0t
- Start date
Winenut
Go AVZ!
Just recently took a position in RXM
Needed some copper exposure after BHP took over OZL leaving me with a bunch of funds
Spent half the profit from the OZL takeover transaction on booze and hookers......then wasted the rest
Actually I took the base capital I originally had in OZL and split it half each over RXM and an upcoming IPO being True North Copper (I believe that will trade as TNC)
TNC is actually coming about through a reverse takeover of Duke Exploration DEX
Both operations are copper "specs" and not without risk but I'm happy with the exposure considering both entities are in safe jurisdications
RXM in South Australia and TNC in QLD
The copper theme and exposure definitely aligned with the broader renewable energy and EV revolution
Really hoping both do well but particularly REX being in my backyard on the beautiful Yorke Peninsula
Surely I'll be able arrange a tax deductible fishing trip to visit the offices for a meeting or site visit or something!!!
Needed some copper exposure after BHP took over OZL leaving me with a bunch of funds
Spent half the profit from the OZL takeover transaction on booze and hookers......then wasted the rest
Actually I took the base capital I originally had in OZL and split it half each over RXM and an upcoming IPO being True North Copper (I believe that will trade as TNC)
TNC is actually coming about through a reverse takeover of Duke Exploration DEX
Both operations are copper "specs" and not without risk but I'm happy with the exposure considering both entities are in safe jurisdications
RXM in South Australia and TNC in QLD
The copper theme and exposure definitely aligned with the broader renewable energy and EV revolution
Really hoping both do well but particularly REX being in my backyard on the beautiful Yorke Peninsula
Surely I'll be able arrange a tax deductible fishing trip to visit the offices for a meeting or site visit or something!!!
Winenut
Go AVZ!
Well I'm sort of happy with the take over offer by MACH
It means I can bank a decent gain but I would have preferred management taking RXM to mine
That's where the real value would have been particulalry in a bull Cu cycle
Also despite it likely being a resonable gain when transacted I actually think management are selling the assets too cheaply
Wouldn't mind if another player came onto the scene with a superior offer to maybe get the sale price bidded up to a more appropriate level
Just have to see what plays out I guess
It means I can bank a decent gain but I would have preferred management taking RXM to mine
That's where the real value would have been particulalry in a bull Cu cycle
Also despite it likely being a resonable gain when transacted I actually think management are selling the assets too cheaply
Wouldn't mind if another player came onto the scene with a superior offer to maybe get the sale price bidded up to a more appropriate level
Just have to see what plays out I guess
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