Rox has fallen to its upward trend line, (see above) and fared much better than its peers at a similar stage of development such as SMI down 14%.Rox has been dragged down by the ASX all ords, sold down to cover losses on equities and cover margin calls.
It’s impossible to know when the negatives will end but this is a time to hold.
Trump's global trade war has explicitly exempted gold, so gold can still be sold in the USA.
Once the furious sell-off subsides the trade war will hasten gold stocks re-rating upwards.
The price of gold is holding up and in AU doing very well. At the time of posting the POG was in positive territory at AU5,045 oz.
Gold and quality gold stocks are the ultimate safe haven and being insulated from tariffs are a natural investment destination, unlike most other stocks.
Will the lower AU negatively affect the Capex to build and mine Youanmi?
I can’t see how the tariffs will increase gold developers' or miners' costs.
I sought to ask the company today in general not market sensitive terms.
SmartDude if Rox is still talking to you could you ask them?
Capex to build the mine will be harder to obtain but Rox will have exceptional metrics in the DFS and has a top financier on board along with the backing of Hawke’s Point.
I expect some of the international investors CEO Phill Wilding has been telling the Rox story to on his very successful global tour will take advantage of this dip to enter the share registry.
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