Rox Pending Capital Raise, page-4

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punter45

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18/10/22

12:53

Post #: 64254645
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Originally posted by m0ngy: ↑

Rox do not have to raise before the end of this Q as no exploration is taking place, the Scoping Study is being completed in house and imo a resource update for Fisher Eureka is also in house.
Instos paid 40 cps so Rox will not be offering an insto shares at less except by way of a rights issue that will include retail investors.
So why is Rox paying little attention to maintaining the share price?
They could announce Pincher Well which has had a very sweet hit as JV partner Venus has announced. Rox owns half.
The Grace update is based on the caprock removal to calculate measured ounces. This was complete some time ago but Rox has not announced the result.
If Rox was worried that they will not be abe to produce a robust Scoping Study they would be pumping the share price with all the positive news they could. That way they could offer new shares at a discount that would not dilute the share registry too cheaply.
My take on this is that their focus is squarely on the Scoping Study and they are very confident that they will get it right and announce it before the next capital raising.
Let's say they do exactly that and announce a robust study showing excellent metrics for a near term, low Capex restart. The SP jumps to 30 cps+ and they announce a rights issue to fund a feasibility study and a DFS due in Q1 next year plus inferred to indicated drilling, $4M? Hawkes Point buys their allocation pro rata with their current ownership and scoops up any unclaimed shares.
IMO those circumstances would quickly get Rox the capital they need and those of us who hold Rox will get a cheap top up (1 for 10?) to a mine that will have a cash flow of around $50 PA short term and double down the track.

my opinion DYOR

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are you serious with your opinions?

who is feeding you with this appalling opinions?

pls read carefully what you have just posted, it’s appalling and insult to long suffering holders.

so what you are saying is past 18 months rxl was given 18 million dollars to add value and they don’t care about sp?

and you also claim they are sitting on news? If that’s true asx/ asic should be investigating rxl

if I was you before any potential investor reads your post deleted immediately imo

RXL Price at posting: 23.0¢ Sentiment: None Disclosure: Not Held
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Last 30.5¢		Change -0.010(3.17%)		Mkt cap ! $227.7M

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Rox Pending Capital Raise, page-4

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Rox Pending Capital Raise, page-4

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