Love your work Sumit, looking forward to a rerate for RXL.
While I appreciate the underlying sentiment in your post, my interpretation differs somewhat…
Imo, Both Passmore and Ryan were TOO keen to find the next Penny Gold (Ramelius). They lacked the funds to do all the exploration needed and were short on expertise. And yet, they DID spend the money they didn’t have, and never once mentioned or sort to rectify the lack of expertise with some clever hiring.
Youanmi will generate a $2B cash flow says Wilding - and that is more than enough for me! Do the boring infill drilling. Dewater the pit. Get the mining going and stick to the plan they have outlined and presented.
Don’t worry about, or spend any more money on discoveries at United North, Pollard, Currans and along the 60km Youanmi Shear Zone that could double or triple that. Leave the speculative drilling for after the money is coming in!
Focus please Mr Wilding! And don’t repeat the past mistakes. Three strikes and we’re out…
GLTH
RXL Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
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