RXL rox resources limited

This is a good report and looking at the salaries and options...

  1. 10,075 Posts.
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    This is a good report and looking at the salaries and options etc they are industry standard if not cheaper for us than some others.
    When you stand back and look at the progress towards mining at Youanmi the lack of a Scoping Study to date is not surprising.
    There is a large gold resource but a lot is inferred and a Scoping Study needs a higher level of resource confidence.
    But the pattern of the company raising expectations only to dash them is seen again and again and it damages retail investor confidence.
    The importance of meeting self imposed timelines let alone underpromising and surprising us by delivering ahead of the time frame is clearly lost and needs to change.
    In their defence, the ambition to produce a near term Scoping Study has been impacted by soaring inflation, a lower gold price. labour shortage etc.
    There is no point announcing a Study that is unlikely to attract finance which may have been the reason the first draft for the Diggers was scrapped imo.
    I can see the need to set targets but they need to be internal company targets not for investors.
    Rox clearly needs to lift its game when it comes to self declared timelines imo


 
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