RXL 3.45% 14.0¢ rox resources limited

Yes but not this time. Matty realised that the new discovery at...

  1. 28 Posts.
    lightbulb Created with Sketch. 12
    Yes but not this time. Matty realised that the new discovery at Linda Gossan needed a consolidated ownership to progress. Venus drilled the first hole at while exploring for VMS so Matty had all the geo data (that he didn't share with Rox, in fact didn't even tell Rox about the hit) and knew it was likely to be a significant new discovery. But Venus only had a 45% stake with funding needed and as you know Venus hates to fund anything themselves. So canny Matty gave Rox ownership and picked up a big stake in Rox and got himself on the Board plus Venus don't have to fund the project. He did well but so did Rox because the biggest impediment has always been the JV.
    By now Rox would have completed the geological survey at Linda Gossan and may well be drilling to follow up that first hit from ground level. It the gold continues at depth or the Gossan hosts multiple thick veins as is characteristic of Youanmi we are off to the races.
    And Linda Gossan is one of several targets anyone of which could be a gamechanger for Rox. The Pre feasibility Study to come will be very different to the Scoping Study.
    Meanwhile I'm continuing to build my holding. If it's good enough for the instos inc Hawke's Point it's a strong buy.

    CHN, CXO, SVY, TVN, RXL
 
watchlist Created with Sketch. Add RXL (ASX) to my watchlist
(20min delay)
Last
14.0¢
Change
-0.005(3.45%)
Mkt cap ! $56.98M
Open High Low Value Volume
14.0¢ 14.5¢ 14.0¢ $52.57K 369.8K

Buyers (Bids)

No. Vol. Price($)
10 214745 14.0¢
 

Sellers (Offers)

Price($) Vol. No.
14.5¢ 123371 6
View Market Depth
Last trade - 16.10pm 17/06/2024 (20 minute delay) ?
Last
14.0¢
  Change
-0.005 ( 3.45 %)
Open High Low Volume
14.5¢ 14.5¢ 14.0¢ 240558
Last updated 14.09pm 17/06/2024 ?
RXL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.