RXL 0.00% 12.5¢ rox resources limited

Results due September and it's still September. Companies often...

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  1. 2,532 Posts.
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    Results due September and it's still September. Companies often do this. I've lost count on the amount of announcements due during a quarter that are pushed to the very last day or even early into the next quarter. More often than not it seems designed to prop the share price as holders wishing to exit hang on waiting for an announcement to offload into. In the meantine the company scrambles for something that sounds legitimate with positive undertones to offset any poor news.

    Ironically, I don't think that is the case here. The turnaround from commencement of drilling (ann 12/8/24) to now is still within normal timeframes imo. Results sometime in the next couple of weeks is still acceptable to me. Anything more than 2 weeks late is a bit of a red flag without an announcement explaining the hold-up. There has been some rain so that could potentially set things back a bit.13-13.5c is a good entry price imo

    Just my opinion.
 
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