1) At the Resources Rising Stars Conference last week RR made a very pointed statement that Youanmi will be an operating mine either under the ownership of Rox or someone else.
2) A week later it was announced that RR and RXL were parting company.
3) RR parted company with Bardoc Gold when the game plan changed from building a mine to monetising their asset.
4) RXL’s major shareholder has little cash and a low share price.
5) The incoming CEO was not someone headhunted by RXL but someone who had left their previous role for personal family reasons and was a guy that was “available” now.
6) The market cap is currently sitting at around 5% of pre-tax NPV at the current price of gold.
This is starting to look like a pre-takeover scenario to me.
RXL Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
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