RXL 2.86% 17.0¢ rox resources limited

News: Rox Resources steps into FY21 with strong balance sheet, page-2

  1. 4,083 Posts.
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    If i've read between the lines here;

    This year is to focus on drilling, the JORC, adding value...
    A guess that towards the end of this year a CR of 20-30mill is likely in order to refurb the beaten up plant and ready it for production
    By this time next year we could be producing?

    Or is the plan to bluff our plan for production, to force the big boys to cough up a high TO offer?

    Either way.... I averaged down today so fully expect to drop lower next week - that's definitely a given for me.
    I'll close my eyes for a few weeks and perhaps i'll be glad to have chosen Rox.

 
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