Australia's largest stock trading and investment forum Australia's #1 stock forum

RXL

Click for more information

1.47%

16.8¢ rox resources limited

looking at rox statement then that amount got gobbled up very...

First 10 Last

Share
Profile

Follow
lucydog12

220 Posts.

105

31/01/23

15:13

Post #: 65979529
Share

Originally posted by m0ngy ↑

Highlights
16,000 metre RC drill program and 7,000 metre DD drill program with first drill assay results in late February.
The Company anticipates a steady flow of drill result updates over coming months with ongoing drilling into the broader mineralised envelope.
With around $10m in cash and sales of Fisher and Eureka forthcoming Rox will have multiple rigs to complete this drilling quickly.
The Scoping Study is based on only 20% of the Youanmi Mineral Resource for a mine life of 8 years so potentially the mine life will be much longer and output ramped up.
100 koz pa output with a mine life of 10 - 15 years?
This quarter we can expect a flow of drill results, an investor presentation for the upcoming general meeting and a likely sale of Eureka that Kadelion has expressed an interest in.
Note payment from Cannon to Rox in the Cannon quarterlies today.
$209k to Rox Resources Limited for rent and Finance and Company Secretarial Services (relating to operating costs as disclosed in Item 1 of the Appendix 5B);

My opinion

Expand

looking at rox statement then that amount got gobbled up very easily
Probably went straight to third party ???
Imho

RXL Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 29 more messages in this thread...

First 10 Last

Add RXL (ASX) to my watchlist

(20min delay)
Last 16.8¢		Change -0.003(1.47%)		Mkt cap ! $65.81M

Open	High	Low	Value	Volume
17.0¢	17.0¢	16.8¢	$101.9K	600.4K

Buyers (Bids)

No.	Vol.	Price($)
14	587976	16.5¢

Sellers (Offers)

Price($)	Vol.	No.
17.0¢	48914	3

View Market Depth

No.	Vol.	Price($)
1	4500	0.170
17	741613	0.165
18	983680	0.160
10	483290	0.155
9	277842	0.150

Price($)	Vol.	No.
0.165	3109	1
0.170	38914	2
0.175	79581	2
0.180	181185	6
0.185	232334	3

Last trade - 15.17pm 27/05/2024 (20 minute delay)


Last 17.0¢			Change -0.003 ( 3.03 %)
Open	High		Low	Volume
17.0¢	17.0¢		16.5¢	404464
Last updated 15.17pm 27/05/2024 ?

RXL (ASX) Chart