This is the earliest and most detailed quarterly released by Rox in the last 5 years.The tempo and quality of news flow to investors is the signature of the new leadership style under MD and CEO Phill Wilding.
It inspires confidence that milestones like the upcoming MRE will be delivered on schedule.
In the past, previous milestones eg Scoping Study and PFS were not delivered on time, within a couple of months was considered an achievement,
This Quarterly provides reassurance that the Step Up Campaign will achieve its MRE goals.
The main contributors are United North, North Youanmi, Prospect and perhaps Pollard as a bonus.
Currans is still to come.
Interceptor will make a small contribution and with the current price of gold Paddy’s Lode could be worth the cost of a new development drive.
Capex of $10m is now the value of just 2,000 ozs of gold.
Hawke’s Point and previous CEOs have had a strong interest in finding the next Penny.
Rox and Hawke’s Point technical teams may well have new geological insights and have a crack at it with some discovery holes.
Success would instantly propel Rox to a $500m company.
There are buying opportunities today imo.
International instos recruited by Phill on his global investment tour usually buy in large volume but the sellers have dried up so they cannot buy at volume without driving the share price up.
Instos are having to nibble to fill their orders while suppressing the share price, often with small CXA trades as shown on the Course of Sales.
This also creates buying opportunities for retail and I took advantage today.
Fourex: Spot on. This is indeed a once-in-a-lifetime opportunity not to be missed and Rox is perfectly situated to capitalise on it.
Rox is highly likely to join its Hawke’s Point family members, Capricorn and Ora Banda to become another billion-dollar company.
Ladytradr: There will certainly be corporate interest but it’s not at all part of Hawke’s Point’s strategy to sell out.
They fought off a TO bid for Capricorn and would do so again with Rox.
Insider shareholders and long-term insto holders would go with Hawke's Point.
The opportunists that may sell are Venus and Q Gold but they are outnumbered.
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