Congratulations on exiting RXL at the top. I wish I offloaded more shares then but I am conversely very happy that I was buying aggressively at sub $0.18.
The aggressive production targets of RXL are based on the total resource. Is a 200k pa production target that unrealistic for a company with a 4m+ oz high grade resource and a 1m+ oz reserve? That is clearly the direction that RXL is now heading. As much as I like lots of news flow, the strategic direction of going bigger in a buoyant price of gold environment does make rational sense to me. I also note that although the Directors could get a sugar hit of free shares from releasing a PFS earlier (with the SP well above $0.25) that they are prepared to delay that payday.
Paddy's Lode, page-50
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.91M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 14.0¢ | 13.0¢ | $156.1K | 1.178M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 521631 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 7922 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RXL (ASX) Chart |