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Rox and the new GFC, page-2

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round two

850 Posts.

185

25/06/22

05:54

Post #: 62199238
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Originally posted by m0ngy: ↑

A new recession is probably underway with a sustained and panicked rush to cash on world markets..
In the last GFC there was a sharp decease in demand for many commodities resulting in sharp share price falls for many miners..
Fortunately, while the price of gold initially fell it then climbed substantially as a safe haven.
This time around the lift in the POG may already have started.
During the GFC the AUD declined against the USD, considered a safe haven currency.
That means that the price of gold increased more in AUD.
The fall in most commodity demand in the last GFC led to layoffs in many mining companies which should ease the labour shortage in the sector.
That is a positive for Rox.
The Capex Rox will need could be more difficult to obtain and more expensive.
Wherever possible mining companies cut Capex requirements during the GFC..
But Rox won't be looking for Capex finance until early next year and has Hawke's Point on board as a cornerstone investor.
As low a Capex as possible will favour Rox and a near term cash flow would be very useful.
Rox could use the cash flow to start paying off the Capex debt.
The Scoping Study will have a Capex well under $200m and a near term cash pathway imo.
End of this month remains the release date imo..

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A recession might still happen but the Dow jones says otherwise , up 725 points today that's up over 5% for the week which means the sell off has been well and truly over done and a strong rebound should be just around the corner lets see what happens on Monday . UPDATE 800

Last edited by round two: 25/06/22

RXL Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
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Last 13.0¢		Change 0.015(13.0%)		Mkt cap ! $53.37M

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Rox and the new GFC, page-2

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Rox and the new GFC, page-2

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