RXL 0.00% 14.0¢ rox resources limited

Ann: Rox Resources raises $7m to drive next phase of growth, page-19

  1. 3,033 Posts.
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    “Nobody wants refractory”

    https://ausimm.com/bulletin/bulletin-articles/gold-concentrate-marketing-101/

    12% of global gold production being sourced from concentrate seems pretty high to me to classify as “nothing” and “nobody” wants concentrate?

    I have massive problems with the timing of this CR (before a PFS or a MRE announcement or a reasonable Gantt charted pathway to production being articulated and also after a loss of share price momentum that had legs for a good period of time) but when the CEO is buying shares on market (and cynically I believe he is extremely driven by self interest), when there is institutional support (with due diligence done by industry players/ experts/ consultants and not HotCopper keyboard warriors) I find it hard to believe that Youanmi has no value/future.


 
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