RXL 12.5% 18.0¢ rox resources limited

Expecting the Q4, 2023 Quarterlies next week. They should...

  1. 90 Posts.
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    Expecting the Q4, 2023 Quarterlies next week. They should provide the drill results pending from last November and if they are only announced in the Quarterlies they are 100% dusters. But while they would be well received, the test for Rox isn’t exploration drill results, it is the Mineral Resource Estimate (MRE) that Ryan said we will be pleased with. The MRE must be sufficient to get Rox into production. If it isn't and Rox has to embark on a new round of drilling and another CR to pay for it, none of us should be pleased.

    A Trading Halt is likely next week before the new MRE although Rox might be waiting on results from the last minute RC holes at Link and Currans or be caught up in the JORC process to include the results in the MRE, so perhaps another week away?

    But over the next couple of weeks we can expect the Quarterlies and the MRE.

    The share price has been miserable this week ending on close to the 5 year low but on very low volume, just $450 value at 15cps on Commsec. Plenty of head room in the share price at these levels. Make us happy Rob Ryan!

 
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16.3¢ 18.0¢ 16.3¢ $162.1K 962.8K

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Last trade - 16.10pm 10/05/2024 (20 minute delay) ?
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