Almost faultless logic - but it doesn't take into account the Hawke's Point factor. With the gold price running hot, it seems HP, which has a history of financing Aussie winners into production, has installed its own man to speed up the Youanmi project. RMS et al may consider it unlikely that Rox might be up for sale at the bargain basement price they would probably be looking for. My guess is HP will eventually (soon?) be increasing its RXL holding substantially. A guess, yes. But not illogical.
RXL Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
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