RXL 10.3% 16.0¢ rox resources limited

new ann.., page-10

  1. 17,248 Posts.
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    AJ, No one was happy about the selling of director shares but he did buy a million back recently. Apart from that blemish they have done everything they said they would do. They acquired 2 more projects and have been drilling them this year. Usually when speccies are pulling a swifty there are promises followed by delays and excuses. The only delay we have had has been with the flagship project at Myrtle due to rain. I live in Queensland so I pretty much saw first hand what an exceptional wet season looks like last year....and last night I took time to check out BOM stats for McArthur River to verify yesterday's announcement......

    And speaking of Myrtle the one thing I can't go past is that Teck Resources has come into the project. A silver tongued CEO may be able to pull a fast one to extract capital from "sophisticated" investors like doctors and lawyers and such but geologists from the major mining companies take much more convincing. Do your self a favour and browse this 2006 Kitco article. RXL fits this description perfectly.

    http://www.kitco.com/weekly/paulvaneeden/jan202006.html
 
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