The new narrative is that the company is pausing feasibility studies to grow the resource and scope of the project. My take on that is that they are now in the business of working towards attracting a takeover offer. Although I would not usually be totally happy with that I believe with the POG increases that look certain we will see some serious value in growing the resource.
RXL Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)