I think your point re the XRF readings is very valid.
There is doubt that RXL would have used the XRF on the recent new massive sulphide intersection drill core and would know exactly what it has indicated.
For RXL to treat the results of the XRF on the first set of drilling as material and accurate enough to release to the market pre-assay results, and now not to do the same is somewhat inconsistent - and in my view inadequate.
Also your point about release of the XRF to close associates of the company is also a very valid point and likely to have happened.
this issue should be addressed by the ASX - not specifically for RXL - but for mining companies in general as I dont believe there are any specific rules in place.
From a continuous disclosure perspective I think it could be argued very strongly that RXL should have released the XRF results with the recent ASX release about the diamond drill hit. It would just need a caveat statement about the accuracy of the XRF results.
gosouth
RXL Price at posting:
10.0¢ Sentiment: ST Buy Disclosure: Held
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