If I can keep it short. The new MD got the job because, unlike BDC, Hawkes Point is on the register and want to see a mine built (but they are patient, so not in a rush).
@smartdude - sadly, RXL timed their raising poorly, compared to AAR. RXLs share price has fallen a further $0.06 since your post on the 24th of April, and it would need to rise $50 to get back to that level. You mention the price was a gift then, I am not digging the boot in here, I keep watching RXL in case it changes it's spots, but I just don't see it yet. The potential is there, but it's such a difficult situation to be in..... enough ounces to create a decent mine plan, but.... better to explore and find 'better' ounces to really make the market notice (but see a lot more dilution).
Here is a left of field idea... why not just toll treat the lot..... sell to the highest bidder (a few mines are nearby)..... perhaps the met is just too difficult for that. I guess I will only take a position if the stock becomes truly hated (not there yet IMHO).
RXL Price at posting:
13.5¢ Sentiment: None Disclosure: Not 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)