BUX 5.26% 6.0¢ buxton resources limited

Ann: 84.6m of mineralisation intersected at Graphite Bull Project, page-8

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  1. 4,758 Posts.
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    Just browse over to AGY to see why investors are staying clear of Li companies, especially explorers. On top of the continued drop in Li prices in general.

    We can only imagine how this announcement would have been received 4 years ago. But a number of us have said, in the short term, GB was not going to do much for the share price. Perhaps actual lab results and grades will help, maybe not.

    However, this result does give confidence that we will get the tonnage (and hopefully the grades) to make it a valuable resource medium term as BUX (and IGO) go about drilling for other resources.

    Nice to see that 3.5 mill buyer being legit and that has helped us work through some of the overhang from the CR.

    Look up synonyms for BUX and it will say patience and frustration as a start.

    Milesy
 
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