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Corgi

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09/08/24

14:04

Post #: 75142675
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Originally posted by Sumit000: ↑

Is a recession imminent? Probably say the experts.
This is a mixed blessing for Rox. The price of gold will rise in a recession. From 2007 to 2011, the price of gold doubled. Recession/market turmoil = higher gold prices. A higher POG will dramatically improve the already strong Youanmi feasibility metrics. But while grade is king and Rox has very high-grade ore, the queen is capital. In a recession, cash is king and capital supply tightens. That will make it harder for Rox to find the Capex needed to build the Youanmi mine if capital is very tight when they release the DFS next year. At the same time gold companies in production will be cash cows. That combination of high profits by Tier 1 goldies like RMS and Rox caught in a credit squeeze increases the odds Rox will be taken over. Facing a high debt hurdle, the Board may even follow the Bardoc path and put the project up for sale. Bardoc was sold for $157m at a time. When the price of gold was well under $2,000 oz/Au. Today’s POG is $3,782 and if we do have a recession is predicted to rise to well over $4,000.

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LMAO.

@CashedUpBogun

Mangys narrative now now pivoted to recession.

Mangy, you have it wrong, if there was such a credit event, RXL will be forced to fire sale and accept 1 cent to the dollar...

you once said you have insider news that RMS thought Grace was the next penny and that a takeover as imminient.

that was 4 years ago

RXL Price at posting: 13.3¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 30.0¢		Change 0.000(0.00%)		Mkt cap ! $219.7M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

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No.	Vol.	Price($)
3	31749	30.0¢

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Price($)	Vol.	No.
27.5¢	2700	1

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No.	Vol.	Price($)
3	31749	0.300
5	37339	0.295
5	585670	0.290
4	107550	0.285
7	108389	0.280

Price($)	Vol.	No.
0.295	27500	1
0.300	28667	2
0.305	139050	3
0.310	100000	1
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