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.
RXL Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
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