RXL 10.3% 16.0¢ rox resources limited

The only clues as to forward planning we have been given are 1....

  1. 137 Posts.
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    The only clues as to forward planning we have been given are

    1. Scoping Study released very soon, possibly as early as next week or two.
    2. Stated drilling in 2H to (hopefully to move IGV towards a few Billion more)
    It is now nearly September.
    3. Not enough cash in hand to drill without JV so announcement likely soon of JV partner.
    4. Annual report due around 25th September, but I would expect JV announcement before then, maybe with the Scoping Study.

    This is a gem. Jorc expanding, good metal prices, not many shares on issue, further exploration likely paid by new JV entrant, good nearby infrustructure.

    It is a pity they don't let their holders keep more up to date, but most Juniors led by geologists seem to make the same mistake, so we have to wait for the occasional announcement to catch up.
 
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