Ann: Entitlement offer to raise up to $7.62 million, page-96

Sounds very much like you are sinking the boot in to me. I consider HC to be an ideas forum and I like reading posts with an opinion, particularly counter arguments if they are backed up with facts.

My investment thesis for RXL is that Youanmi is a mine in the making, earning potential significant free cash flow for many years to come. The PFS is due within 4 weeks. The back of an envelope calculations are that the PFS will deliver an NPV of between $600-800m. We will find that out soon. Are your contentions that RXL management are not being honest? You have claimed that there are not enough ounces in the ground to build/relaunch Youanmi. Do you mean that the upcoming PFS announcement (assuming a $600m+ NPV) will potentially be inaccurate or fraudulent? I trust the RXL management declarations and must admit I do so with a degree of technical/industry ignorance as I have never worked in the mining space. Are you or have you been a middle/senior manager in a mining operation? That is a big call to make so I would be interested in your views about the inadequacy of Youanmi if you are an experienced Mining Engineer or Mining Executive.