they have been selling the narrative of near term cashflow opportunity & looking to accelerate into a restart of production for awhile.
the problem is 100% the silence and lack of news flow.
It results in speculation. Like your speculation. you have been pumping a positive scoping study. that is due imminently. Claims that RXL will have the lowest cost producing operation which according to your numbers would be one of the lowest in the world.
RXL has a large retail investor base.
Retail want honest and transparent insight. If everything is going well? If not, (yes the SP will get hammered) but at least have a plan for what is next? what options are available?
Who knows the plan could be to abandon Youanmi and use the remaining cash to go exploring for lithium. Many other companies have done that and generated multiple returns for their shareholders. Is that not what you want? Is that not what everyone wants? Directors to generate value (gains/wealth) for shareholders?
For example you have XTC that was branded as a Dog Stock etc. management pivoted to lithium and the stock has currently has re-rated 8x from what it was when it was a gold play. And up to 14x from it's recent peak.
RXL Price at posting:
24.0¢ Sentiment: None Disclosure: Not Held
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