In June Rox executed a large media campaign self claiming to be...

In June Rox executed a large media campaign self claiming to be the next Bellevue. The Share-price at the time was mid 40s.

Although not properly confirmed, words such as “significant discovery” and “potential 900 metres strike” “150,000 to 200,000 ounce -style per annum “ drove the campaign as they simultaneously hosted and posted photos of investors flying to Youanmi, and see for themselves. It all looked very real.

However, what actually factually eventuated from this stunt was they avoided all responsibility to their commitment to providing an update on their current plan of approximately 70,000 per annum, keeping in mind they were in need of estimated 200,000 indicated announces to achieve this. Were they achieving this?

The eventual cash raise came at a ridiculously low 20c filled mostly by internal parties (Hawkes Point, Venus, Directors).

So, if this was the actual outcome, it must be asked, why did they do it this way? Of course, it all makes sense now. Mind you, they still believe in Paddy’s Lode but it quickly lost its gusto and last priority in the last drilling.

Sadly, rox have built a reputation for repeating stunts like this and their pattern is predictable.Through their own actions they have put the spotlight right on themselves.

Self interest can be a good indicator but when there’s too much it leaves a sour taste and it’s all transparent.

Smartdude - Given that the share price was plus 40 before this stunt, and you are such a fan of CEO self interest, could you please let us know at what price RR purchased his 1.2 million shares for?

And you believe Hawkes Point are there to provide accountability and comfort for retailers.

”Rookie mistake”……..I don’t think so.