RXL 11.1% 15.0¢ rox resources limited

“Nobody wants refractory”...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,069 Posts.
    lightbulb Created with Sketch. 691
    “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.


 
watchlist Created with Sketch. Add RXL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.