RXL 3.70% 14.0¢ rox resources limited

Ann: Entitlement offer to raise up to $7.62 million, page-22

  1. 3,021 Posts.
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    Have you ever spoken to Robert Ryan? The following near term news is:

    -Metallurgical test work results- May 2024
    -PFS- back end of June (as has been flagged for months)

    The PFS is obviously not the “final step”. I have no reason to believe that the DFS will be released more than 12-15 months after the PFS. When a company habitually misses timelines, I get nervous. At this point in time I don’t see anything to suggest that Youanmi will not achieve a FID in 2025. Financing for a relatively low Capex, fast payback project should not be an issue.

    The PFS is obviously a massive share price driver. I am expecting it to be a positive driver.
 
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