My judgement is that the reputation of these industry leaders is far more important to them than their positions on the Rox Board. Then look at the qualifications and industry experience of Board members, with a focus on feasibility studies and mine economics. As a group they are responsible and accountable for the company's announcements and I personally have no doubt that the Scoping Study pre announcements that were very positive were evidenced based and make in good faith eg presentation at the Diggers https://www.investi.com.au/api/announcements/rxl/20b11fcf-ef5.pdf Then we have Hawke's Point, world class cornerstone investor, that also provides technical expertise to the Rox geo team. Hawke's Point has a contractual right to appoint their own director and at Capricorn and Ora Banda they were quick to exercise that right. They have not intervened with the Rox Board and by all accounts have a very supportive relationship with them.. I'm holding my Rox.
My opinions DYOR
RXL Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
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