Agree its snouts in trough and agree that its more dilution but this placement is the best news in a long time as it shows true confidence and now a clearer pathway to production (and shown in today's Inv preso). I've had Rox in the very bottom drawer for 15 years and have seen the SOI go from $81m waaayy up past $2B and then the consolidation back to $200m and now climbing..again. So I get dilution. But exploration co's need funds and to now see HP tip in again is solid. See what happened to CMM....
I notice in the preso that they have flagged some small production next year. Ambitious but the right words are now being spoken. Including 'de-watering' which is nice. Crack on Rox...
RXL Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
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