IMO. strategy moving forward is clear. RR will raise, advance the asset, burn most existing shareholders as collateral damage (except management that have received free performance bonos), crash valuations down to make the project more attractive from for an acquisition, advance the asset to a point where they can sell it and management can realize actual cash for their shares. This strategy is common & the only way very few will make money out of this is timing the small window when they appear to be stalling works in preparation for a corporate transaction.
RXL sure as hell isn't a production story.
RXL Price at posting:
23.5¢ Sentiment: Sell Disclosure: Not Held
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