thank you for providing some exit liquidity

First 16 Last

Share
Profile

Follow
Corgi

2,383 Posts.

1799

28/06/24

23:25

Post #: 74528673
Share

Originally posted by Sumit000: ↑

Those are robust metrics smartdude and we all hope they will be in the PFS.
But trust in what the company says and does is an important ingredient in our investment decisions.
Rox lost retail holder support under Alex Passmore who received a $300K bonus based on Grace eventually revealed to be a small deposit that doesn’t even appear in the current MRE.
We all hoped that Rob Ryan would bring a new corporate culture to Rox and restore the faith of long-term supporters.
The MRE was good and the June delivery of the PFS was timely and repeated many times.
But on the 28th April there was a surprise cash raise. Whey raise just before the PFS?
6th May Rob Ryan looked at the camera and insisted that the PFS would be good and the presentation emphasised that it would be delivered in June. How could we go wrong buying new shares at 16.5 cps?
20th June The PFS would not be released in June afterall. That triggered a huge sell off driving the SP to a 10 year low.
27th June Rox vests performance rights. The timing is woeful imo. If the PFS is good why not do this afterwards when we can see the good performance in the metrics rather than when the PFS is delayed and the SP is decimated? I am sure that there are very good reasons behind the timing (possibly around tax?) but I do wonder if investor sentiment weighs heavily enough on board decisions? I was topping up but will now stop until I actually see the PFS in July or whenever it is delivered.
My opinion

Expand

thank you for providing some exit liquidity

RXL Price at posting: 13.0¢ Sentiment: Sell Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

IVR

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

BYH

Bryah gains $408K government rebate for work on copper target Narracoota

AI stocks: What to expect in 2024-25

WC8

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

There are more pages in this discussion • 2 more messages in this thread...

First 16 Last

Add RXL (ASX) to my watchlist

(20min delay)
Last 15.0¢		Change -0.005(3.23%)		Mkt cap ! $61.08M

Open	High	Low	Value	Volume
15.5¢	15.5¢	15.0¢	$162.7K	1.078M

Buyers (Bids)

No.	Vol.	Price($)
1	109458	15.0¢

Sellers (Offers)

Price($)	Vol.	No.
15.5¢	105035	2

View Market Depth

No.	Vol.	Price($)
1	109458	0.150
4	186757	0.145
5	361765	0.140
7	259673	0.135
8	873363	0.130

Price($)	Vol.	No.
0.155	105035	2
0.160	129916	3
0.165	24132	3
0.170	167421	4
0.175	33844	4

Last trade - 16.10pm 16/07/2024 (20 minute delay)

RXL (ASX) Chart

thank you for providing some exit liquidity

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

Bryah gains $408K government rebate for work on copper target Narracoota

AI stocks: What to expect in 2024-25

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

thank you for providing some exit liquidity

Top Stories

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

Bryah gains $408K government rebate for work on copper target Narracoota

AI stocks: What to expect in 2024-25

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News