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It’s very pleasing that the next drilling campaign is imminent ie before Xmas hopefully.
The new team is really going for it.
They may even have found contractors willing to work during the holiday period.
Who cares about the expense!
Rox has more than $25m (after costs to raise the money).
Phil Wilding is very low profile right now and that’s also good.
He is flat-out working on the project right now, and there is no point to the RRS presentation junkets until there is a major development to report.
It’s not that Phil can’t do presentations, nor has there been a company decision to be secretive.
The non-streaming of the AGM was a one-off.
It was all about risk management.
The Rox Board do not want to publicly discuss the fate of Rob Ryan.
Speaking of Rob he is doing very well in his new job.
I would expect a drilling campaign of at least 20,000m with multiple rigs.
Currans may get some attention but a DD right down the middle of the corridor between Paddy’s and Pollard is unlikely imo.
I hope I’m wrong, that is a compelling target.
But Rox and Hawke’s Point won’t want a major new discovery until they get the share registry where they want it.
Retail still holds 51%, and that needs to be cut.
Hawke’s Point will want to move to at least 30% cheaply, and a discovery would be inconvenient.
The Ora Banda share registry can be taken as the model for Rox.
2025 will be a big year for Rox.
More dilution is on the way but that will be far outweighed by the value added.
(20min delay)