re: Ann: Rox Signs Farm-in Agreement to Explo... Mgmt seem to be...

re: Ann: Rox Signs Farm-in Agreement to Explo... Mgmt seem to be falling into the well travelled Aussie micro mining cap trap, of spreading shareholder funds across as many projects as possible, and hoping one will come off.

Myrtle is now in the hands of Teck, for which mgmt can be given a pat on the back.

Marqua needs either a jv partner with deeper pockets (same as Myrtle) or to be sold off. Either would suffice for me. Just don't spend any more money on it. Concentrate on finding a buyer/funder.

Mt Fisher could be interesting and is worth spending some money on, imho.

Then we get Bonya. Maybe it's got potential, but it also requires $500k to be spent over 2 years, and as at Jun-12 RXL had $1.3m in the bank, 50% of which was due to be spent in the Sep-12 qtr.

So hello CR, and at a rock bottom share price.

Disappointing to say the least.