Ann: Quarterly Activities and Cash Flow Reports - June 2023, page-29

A lot of nonsense by the revenge posters today. Rox ended the Q with $3.467m after a huge drilling campaign that delivered excellent high grade results to plug holes in the 2022 Scoping Study. The campaign also discover Paddy's Lode and Midway parallel lodes. But right now drilling has stopped so the cash spend is just a fraction of the last Q. A trading halt and CR is not imminent and will not happen before Rox lights up the market with positive news. That will include the survey results that will help to define Paddy's Lode and Midway and identify the next drill targets. That will probably be announced next week.Then will come a new exploration plan with some very promising targets such as Linda Gossan which has already had an outstanding result from the very first drill hole. Contrary to posts today Rox will attract funds without a heavy discount, and perhaps will no discount at all.
The likely IPO in Q4 is shaping up to be lucrative for Rox holders. It will follow the same distribution as Cannon with about $15m of shares in the new company being given to Rox holders. Focussed on the highly prospective Eureka tenement with Nickel, VMS and PGE on strike from Cannon it should be very well received by the market.