Some Interesting Insights, page-9

First 9 Last

Share
Profile

Follow
limefresh

135 Posts.

57

23/01/21

10:45

Post #: 50395150
Share

Originally posted by triage: ↑

Great work, captain.

I reiterate my view that the only justification the board can have for putting Alex Passmore on such a generous remuneration package is that he would deliver for shareholders by transforming Rox from an explorer into a developer moving into becoming a producer. I would argue that since at least June last year the wheels have come off the Rox juggernaut.

Clearly, by the repeated delays in producing a JORC they are admitting that they do not yet have the makings of a viable mining project. The Rox update also confirms that Ramelius would be mad to pay market price for what Rox has. And Rox is still burdened with its attachments to Venus Metals. Also, it would seem that Mr Passmore cannot get a bid for the nickel assets or at least close a deal.

So why pay the big bucks for an ex-banker? What Mr Passmore is being paid might be reasonable if he were doing banker stuff but he is not. Rox does not need to structure any project finance, it is not engaged in negotiating any m&a activity, it apparently is not involved in any major assets sales. What the company does need is an hands-on geologist, which Alex Passmore is not. Rox could be paying an experienced gold-sleuth a fraction of what Mr Passmore is on and we would be getting better value imo.

Expand

Agree initially good post, also thanks captain.

RXL Price at posting: 3.8¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

IFL

True believers vindicated as CC Capital moves to snap up Insignia

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

PRU

Nyangaza mine life extension on cards as 'pleased' Perseus spots encouraging mineralisation

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

PTX

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

First 9 Last

Add to My Watchlist

What is My Watchlist?

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)
Last 31.3¢		Change 0.008(2.46%)		Mkt cap ! $233.3M

Open	High	Low	Value	Volume
31.0¢	32.0¢	30.5¢	$1.111M	3.552M

Buyers (Bids)

No.	Vol.	Price($)
8	140866	31.0¢

Sellers (Offers)

Price($)	Vol.	No.
32.0¢	182567	11

View Market Depth

No.	Vol.	Price($)
11	171684	0.310
4	79187	0.305
3	79632	0.300
5	152932	0.295
6	157156	0.290

Price($)	Vol.	No.
0.320	182567	11
0.325	60266	5
0.330	169047	6
0.335	67230	4
0.340	20000	1

Last trade - 11.59am 22/07/2025 (20 minute delay)

RXL (ASX) Chart

Some Interesting Insights, page-9

True believers vindicated as CC Capital moves to snap up Insignia

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Nyangaza mine life extension on cards as 'pleased' Perseus spots encouraging mineralisation

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Some Interesting Insights, page-9

Top Stories

True believers vindicated as CC Capital moves to snap up Insignia

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Nyangaza mine life extension on cards as 'pleased' Perseus spots encouraging mineralisation

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News