RXL 3.13% 15.5¢ rox resources limited

"will this do an avb now"avb was 22c - market cap of about 120m...

  1. 1,311 Posts.
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    "will this do an avb now"

    avb was 22c - market cap of about 120m - yes, you read that correctly. Whilst avb has amazing grades it doesnt have he tonnage - yet - and it never deserved a mc that big in the first place. No wonder the sp halved. the mc was double what it should be.
    also , the director of avb sold $3m worth of shares. s loads more in dollar terms that is the case here.

    So, firstly, we are undervalued, not grossly overvalued, have the tonnage, have 2 of the worlds mining heavyweights involved and directors picking up some dosh after getting this company moving. No, we wont "do a avb"
 
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