uber-bullish statements (by Rob Ryan) sure ring a bell!
Rob Ryan is widely acknowledged in the mining industry as having steered Bardoc Gold through its feasibility studies to a positive DFS and to the cusp of production. But in 2021 at the height of the Covid epidemic and with inflation soaring in the mining industry the Board panicked and decided to cash in by selling the company. Rob did not agree with this decision, would not back down and was made to step down. Although the share price did very well at the prospect of a TO, Rob was right in hindsight and holders would have done much better by riding out the storm. The multibag SP performance from late 2021 is Rob's achievement but had the company stayed the course the SP would be at least $1 now. It is a positive that RR doesn't favour low ball take overs and will take Rox right through to production imo.
RXL Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held
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