RXL 3.03% 17.0¢ rox resources limited

Thanks CUB. Why do you think the 2 discoveries are not...

  1. 2,493 Posts.
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    Thanks CUB. Why do you think the 2 discoveries are not discovery? I don't see ROX gives up on them. In fact, RR reaffirmed the prospect:
    https://hotcopper.com.au/data/attachments/5501/5501506-f5d9aab731824d0c0e7428b080a3e553.jpg

    ROX's continuing to target new drilling prospects does not mean the existing findings are no good. As an exploration company, increasing resources is the mission. My perception on recent SP retreat is still about large number of VMC free shares. 55 million free shares is huge consider RXL's low daily trading volume. Good sign is that it seems not many are keen to sell around 22-23 cents level. That may reflect most new holders are positive with ROX and expecting much better rewards. Time will tell. Have a nice weekend.
 
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Last trade - 16.10pm 24/05/2024 (20 minute delay) ?
Last
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