@ Smartdude: good to see you posting again.You make good points that would be valid in a fair investing world.
But following the smart money and making a profit that is a fraction of what the insiders, instos and funding bodies make is as good as it gets.
Wilding is delivering for us.
Below this post are 3 links to important news stories investors may have missed.
While Wilding is getting a lot of free shares, they are for milestones that create real value for us. Financing the mill, first gold pour, UG mine production are major steps and Wilding will be under the pump to achieve them in the timeline set.
Before Wilding, free shares were handed out like lollies.
For example, when the PFS was released Rox shares dropped 10% but management received free shares for their ‘performance’.
I was furious and asked Chris Hunt how an announcement that crashed the share price could benefit management.
He didn’t see the problem because the conditions had been met.
Wilding obviously gets the point that benefits to him must be based on benefits to share holders.
I hope that he will resist the inevitable demand from teflon Chairman Dennis for even more free shares.
Ladytradr: Hawke’s Point selling down their Ora Banda stake.
Their playbook is to recoup their original investment once one of their companies is successful leaving them with shares that are all profit.
They did the same at Capricorn, now Ora Banda and when Rox joins them as a $2B + company they will also sell their original investment in RXL at a huge profit.
The share price today: This is a long overdue retrace to a sustainable upward trend.
The money flowing into Rox has dropped substantially, signalling that instos are pausing buying Rox shares.
That doesn’t mean their orders are complete and new investors will join them from the Rox roadshow,
Look where Rox are now presenting, not at the local conferences but on the world stage to global investors.
Long-term holders will recall how Rox always promised a strong news flow and never, ever delivered.
Now the good news stories keep coming
Here are some of the latest:
https://www.youtube.com/watch?v=OCqnbF1dkPw
https://discoveryalert.com.au/asx-paid-article/RXL-rox-resources-youanmi-gold-project-unveils-strong-economics-with-high-grade-potential/
disallowed/business/companies/rox-drills-more-than-1-ounce-per-tonne-gold-in-south-australia-20250317-p5lk9e.html
(20min delay)