RXL and DEG, page-3

So you're saying that Rox will do a cap raise at the mid-two's?

And are you saying that the DEG board knew about the gold when they went for the cap raise and it was all part of a brilliant plan?

I don't know, captain, sounds like DEG just got lucky and in the nick of time. But you do realise that for every junior that gets lucky there are a couple of outright failures and a couple more that turn into lifestyle zombies, yes?

The thing is, Rox have made a mash of things in the last 6 or 7 months, they've squandered the opportunity presented by the discovery of Grace, they've fairly much run down kitty, and they're burdened with a lazy jv partner, a small nickel holding that no-one wants to pay overs for and an MD who is overpaid and underperforming. So, who knows, maybe Rox will get lucky from here. But don't make the mistake of committing survivorship bias by focusing on the junior that survived and ignoring the ones who failed.