Hi Triage,Good observations in there, which I don't have factual...

Hi Triage,

Good observations in there, which I don't have factual information on but to hazard a guess, I would say the Covid 19 environment upset reporting opportunities, not only for RXL but a host of other ASX companies.

Another reason for the announcement drought could be that AP was expanding drilling around 'Hot Holes' to offer more substance for the JORC i.e. they weren't extensively focused in using the planned AC, RC and DD holes in unproven ground. Therefore, it would be human nature to suppress less than favourable results in the hope of more outstanding announcements being revealed. How great would it have been to have a continuous stream of sensational announcements but no Nirvana achieved yet.

As for the new JORC, you are correct in saying that no exact date has been announced. We have only an indication from Alex towards the end of 2020 that he hoped it would be released by Christmas, followed by further murmurs that February may now be the date.

Given announcement delays and the negative reaction to the latest results, I would think that AP wants good news on the table ASAP. The best way to deliver that would be to release the updated JORC, proving a platform from which more positive drilling results can be append and reinvigorate the share price to raise further capital.