RXL 3.85% 13.5¢ rox resources limited

SIJoe, the 10Mill oppies are part of Long Term Incentive (LTI),...

  1. 397 Posts.
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    SIJoe, the 10Mill oppies are part of Long Term Incentive (LTI), so naturally it is great for him to hit the sweet spot, but the share price was 5.4c back on 9/9/2014.... interesting exercise price of 5.6c.

    Understand that the juniors are going through grief ATM, but he has arguably added value with announcements that aren't exciting the crowd.

    I recently flagged that depth and modest announcements, will not arrest the fall...so for the first time in a long while that I can only see this slipping further (potentially sub 2c) as this exercise price (0.056) is 3 years away. So with some sizeable capex milestones to come..Fisher East and Bonya. Which is increasingly looking like CR's at a discount to today's price, which is disappointing. Ian M and other directors also has some 2015 oppies, which I don't think that they will exercise.
    I would welcome comments as to what will pull this up...I can only see an absolute outstanding announcement.
    my sentiment has changed only to hold, as I think buying opportunities will come at lower levels, TECK is really important, as that is our free ride
    BLIMPSO
 
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