Ann: Ceasing to be a substantial holder, page-11

Do you really think that Hawkes Point would entertain selling Rox at a loss if the PFS shows buoyant economics? I am sure that HP’s average price is well north of $0.30 per share.

I find it extraordinary that some companies have gone down the path of spending $1b to acquire projects in Canada that all seem to fail (eg SBM and EVN). Why wouldn’t you invest in WA? SBM has a big cash pile that they could use to acquire RXL / Youanmi and get it into production. Instead it is pursuing producing gold concentrate in PNG, which is a very uncertain place to do business and also has expensive Capex plans to attempt to resurrect its Canadian operations that have been an abject failure.

Many producers are making enormous money at the moment so there are no shortage of entities that are well cashed up and would be able to snap up RXL without ringing their bank manager.