Today we had a new 3 year SP low. Within the next few weeks we will see a flurry of news that Rox has strongly hinted will be positive. The most important will be the Scoping Study that Rox expects to be robust and a big resource update perhaps to 3.5 m oz Au. . These are significant milestones on the way to near term production at Youanmi. Looking at the SP chart the market appears to have zero faith in the forthcoming anns. I usually discount claims that share prices are being capped but RXL makes me wonder? Every day the SP closes at the very bottom of the Bollinger Band and Price Chanel on ultra low volume usually a trade or 2.
RXL Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
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