RXM 3.85% 7.5¢ rex minerals limited

Takeover Opportunities for cashed up Companies.

  1. 513 Posts.
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    The top 20 shareholders of Rex Minerals hold 29% or 84m shares and directors not to be found in that number . There is only one shareholder with a substantial holding and that is GSD Ltd with 5.1% or 14.6m shares. That leaves 225m shares forming the next 71%. At the current market price it would only take a cashed up mining giant looking for acquisitions not to overlook Rex Minerals. So there are plenty of shares not held by the top 20 and 157.6m representing 51% at 2.9cents adds up $4.6m and control of Rex Minerals. If they took it slowly it would not take long to acquire the 51% to control the company. Surely after another 6 months at the rate the market is headed there will plenty of opportunities for cashed up companies to go shopping . In my opinion I would prefer a total takeover than to let the land be claimed and fall into the hands of the dozen that have come up with the $4.4 land deal scheme .
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7.5¢ 7.5¢ 7.5¢ $3.75K 50K

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No. Vol. Price($)
1 71700 7.5¢

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Price($) Vol. No.
7.9¢ 100000 1
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Last trade - 14.00pm 02/06/2020 (20 minute delay) ?
-0.003 ( 5.41 %)
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Last updated 15.29pm 02/06/2020 (live) ?
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