RXL 1.79% 13.8¢ rox resources limited

Taylor Collison Report, page-5

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    Thanks captain, more good work by you.

    But just as a point of disclosure: I note that Rox has a link to this report on its website, and it is the only report that Rox has a link to. Also at the back of the document it is stated that: "Taylor Collison was Lead Manager in a placement in September 2019 that raised ~$4m and JLM in the May 2020 Placement/SPP that raised ~$12.7m, for which fees were received. " But strangely enough the analyst did not make any reference or comment about Rox's cash position other than recording that as at the end of December last year the company had $5.2m in cash

    A couple of other, more positive, surprises is that the analyst said that Rox expects to monetise the nickel assets by the end of March and that the JORC for Grace will also be released by then. I thought the company line was that both events were scheduled in the June quarter though m0ngy and others had passed on that Rox were hoping for sooner rather than later. This report seems to firm up that both events will happen in the March quarter, which is great news.

    Also, good comparison with Rox's peers. I'm not familiar with any of them so I found that bit really useful.
 
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