RXL 3.03% 16.0¢ rox resources limited

I believe it would have been prudent to raise enough cash last...

  1. 2,985 Posts.
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    I believe it would have been prudent to raise enough cash last year to get to the PFS which is a quite big ticket and presumably a share price enhancing news item. However, what news are they supposed to release to keep shareholders happy? The fact that they keep confirming that the PFS is on time is a big positive to me. A $700m + PFS NPV project will be very well received and it is now only weeks away from being released.

    I am pleased that Rox have not given away Mt Fisher-Mt Eureka. At this stage there would have been the smell of desperation in the negotiations but when there is a $cash balance which takes the urgency out of the divestment this will enable the company to maximise the benefit. An ideal scenario would be this CR being the final one before the DFS with a near term asset divestment. This actually is a very exciting scenario if it becomes real.


 
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