RXL

3.03%

17.0¢ rox resources limited

The phrasing of this, having such certainty of what the BOD...

First 17 Last

Share
Profile

Follow
Gibbaz

4,115 Posts.

664

18/01/24

18:27

Post #: 71950341
Share

Originally posted by Sumit000: ↑

Did the participants in the recent cash raise buying at 20 cps do so because of the regional or near mine exploration?
Absolutely not.
If you asked the Rox team about the real prospects of exploration targets and they gave you a straight answer it would be “It’s just exploration. Who knows?”
Are the insider buyers and instos that paid 20 cps concerned that their investment value has fallen 20%.
Not at all and nor is the Rox Board concerned. The share price fall based on exploration results is purely a retail holder phenomenon. The gamblers are disappointed Alex Passmore would quip.
Hawke’s Point, a top insto, directors and shrewd Matty Hogan paid 20 cps because Rox has nearly completed a mineral resource update (MRE) that will drive positive feasibility studies culminating in an FID and a restart of the Youanmi mine.
Right now, and from the beginning of the year, Rox is 100% focussed on the forthcoming MRE. This is building resource confidence rather than Greenfields exploration.
They are drilling to add more indicated gold to the MRE, by infill drilling high confidence targets identified by previous drilling last year.
That includes more drilling at the Currans new discovery 6m @ 5.22g/t Au from 29m from the first hit with good width to the lode and at nearby targets that had high grade hits in the first round of drilling. After closely examining the positive Link results Rox would be drilling a few more high confidence infill holes to add additional indicated ounces.
Rox may not have all indicated ounces from these targets by the time they announce the MRE but certainly strongly inferred ones by JORC standards. They will be converted to indicated before the PFS so the MRE that informs the PFS due in June will be substantially larger.
Paddy’s Lode and Midway are deep and expensive to drill targets and are probably on hold until the MRE is announced.
I topped up this morning at a 20% discount to the insiders.

Expand

The phrasing of this, having such certainty of what the BOD thinks and feels, a freudian slip no doubt.

You 'topped up' lmao.

Then you got your sock puppets to like your own post, as I just can't believe others here are dumb enough to anymore.

RXL Price at posting: 15.5¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 13 more messages in this thread...

First 17 Last

Add RXL (ASX) to my watchlist

(20min delay)
Last 17.0¢		Change 0.005(3.03%)		Mkt cap ! $62.79M

Open	High	Low	Value	Volume
16.5¢	17.0¢	16.5¢	$14.96K	88.19K

Buyers (Bids)

No.	Vol.	Price($)
13	608776	16.5¢

Sellers (Offers)

Price($)	Vol.	No.
17.0¢	94905	2

View Market Depth

No.	Vol.	Price($)
13	608776	0.165
18	967742	0.160
10	483290	0.155
9	375842	0.150
5	185689	0.145

Price($)	Vol.	No.
0.170	94905	2
0.175	161248	3
0.180	161185	5
0.185	237334	4
0.190	5000	1

Last trade - 16.10pm 24/05/2024 (20 minute delay)


Last 16.5¢		Change 0.005 ( 2.94 %)
Open	High	Low	Volume
16.5¢	16.8¢	16.5¢	242633
Last updated 15.17pm 24/05/2024 ?

RXL (ASX) Chart

The phrasing of this, having such certainty of what the BOD...

Featured News

Market Update: Energy the sole green sector as dull US mood sours Friday down under

The Telstra twist - What the job cuts decision mean for investors?

Webinar: What investors should know about what it takes for ASX-listed companies to get medical developments to market

Talisman expands Rip n Tear with lead grading 7.4% and silver at 59.2g/t in NSW

Althea on a high as it opens cannabis drinks in the US with Flora Growth

Week 21 Wrap: NVIDIA's profits are up 600% – but this time, the market didn't really care

AIC Mines raises $57m to extend Eloise copper mine lifecycle

Nimy seeks massive sulphide systems through surveying at WA prospects

PlaySide to take gamers back to Westeros with new PC title

Yandal lines up prime gold targets at Ironstone Well-Barwidgee

Buyers (Bids)

Sellers (Offers)

Featured News

The phrasing of this, having such certainty of what the BOD...

Featured News

Top Stories

Market Update: Energy the sole green sector as dull US mood sours Friday down under

The Telstra twist - What the job cuts decision mean for investors?

Webinar: What investors should know about what it takes for ASX-listed companies to get medical developments to market

Talisman expands Rip n Tear with lead grading 7.4% and silver at 59.2g/t in NSW

Althea on a high as it opens cannabis drinks in the US with Flora Growth

Week 21 Wrap: NVIDIA's profits are up 600% – but this time, the market didn't really care

AIC Mines raises $57m to extend Eloise copper mine lifecycle

Nimy seeks massive sulphide systems through surveying at WA prospects

PlaySide to take gamers back to Westeros with new PC title

Yandal lines up prime gold targets at Ironstone Well-Barwidgee

Buyers (Bids)

Sellers (Offers)

Featured News