Youanmi has always been a refractory play, including when the share price was at $1.50 (in today’s post share consolidation price terms). Refractory gold is also a big percentage of global gold production at > 10%. EVN’s early production was producing concentrate at Mt Carlton and SLR currently produce concentrate at Deflector.
I personally think that there was a hit to the company’s reputation when the previous CEO was making very unrealistic comments about how quickly Youanmi would get into production. Also, you cannot help but see how little buying there is in the sector at this point in time.
RXL can move very quickly with the smallest amount of buying pressure. If they can generate interest, with more than token amounts of daily turnover, we are in business.
RXL Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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