RXL 1.92% 12.8¢ rox resources limited

A Rox re-rate is coming, page-297

  1. 10,075 Posts.
    lightbulb Created with Sketch. 4852
    Good to see Rox hold at 3 cps today.
    Predictions of 2.4 cps etc may be premature but we will see.
    Keep in mind that Alex has a lot of skin the game at around 40m Rox shares and about 60m options from memory.
    The sell off from 3.5 cps has been on a tine volume that is dwarfed by the positive re- rate at a volume of around 250m.
    But like everyone here I am wondering who is selling/manipulatng the share price, and why? Alex is on site at Youanmi so couldn't ask what he knows today. Some possibilities: ex Director and Company Secretary Dickson? He held about 24m shares before he resigned from the company in interesting circumstances, first as a director and then as company secretary.It's not unusual for an ex director of his age at the end of his career to sell down.Then there is Venus with around 42m Rox shares, the unpredictable MD sued SPX for Penny North.
    Many more possibilities but keep in mind this is not a big sell off, the sky is not falling.
    JORC in June, Cannon IPO close.
 
watchlist Created with Sketch. Add RXL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.