Ann: Entitlement offer to raise up to $7.62 million, page-95

If I can keep it short.
The new MD got the job because, unlike BDC, Hawkes Point is on the register and want to see a mine built (but they are patient, so not in a rush).

@smartdude - sadly, RXL timed their raising poorly, compared to AAR.
RXLs share price has fallen a further $0.06 since your post on the 24th of April, and it would need to rise $50 to get back to that level.
You mention the price was a gift then, I am not digging the boot in here, I keep watching RXL in case it changes it's spots, but I just don't see it yet.
The potential is there, but it's such a difficult situation to be in..... enough ounces to create a decent mine plan, but.... better to explore and find 'better' ounces to really make the market notice (but see a lot more dilution).

Here is a left of field idea... why not just toll treat the lot..... sell to the highest bidder (a few mines are nearby)..... perhaps the met is just too difficult for that.
I guess I will only take a position if the stock becomes truly hated (not there yet IMHO).