RXL 0.00% 15.5¢ rox resources limited

Ann: Youanmi Exploration Update, page-122

  1. 554 Posts.
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    There are so many red flags about this company, yet I still haven't sold any of my shares. Once I do, it will be a nice tax offset though.

    Headline items:
    Ridiculous management salaries while generating no cash flow, constant empty promises made by the MD, complete radio silence for 3 months, ongoing ramping in the announcements (visible gold), toxic and unprofessional HC theads, refractory gold, massive delays, MD's ego, "TO talks", "Nickel monetisation", micro cap JV partners and the list goes on.

    In the next couple of months, the management really has to prove that they are worth the big bucks, because the patience of many shareholders is quickly deteriorating IMO.
 
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