The new Rox has a laser focus. For example, the new CFO Greg Hoskins has a strong background in raising money to finance mines.
To free him up to focus in that role Rox’s accountant Sam Keenan has been assigned to a new position as Financial Controller.
Sam will deal with all the regulatory requirements that took up a lot of former CFO Chris Hunt’s time.
Phil Wilding's team is going for broke.
There will be successes and failures along the way but Rox has the funds to overcome obstacles.
Next week we should get the results from Kathleen but the main play imo is the undrilled deep Pollard.
The prize here is a replication of the Youanmi main lode (below).
Not all is good about the new Rox.
Note the recent 39% increase in shares outstanding.
This is a dilution risk.
‘That dilution is because of cheap shares to instos, insiders and funds with retail holders excluded except for $1m @ 14 cps.
The New Rox is even less retail-friendly than the previous incarnation.
Having said that the funds raised will increase the market valuation a lot more than the dilution imo.
There is an updated research report,
Euoz Hartleys are increasingly confident that CY27 can monetize the project.
https://www.roxresources.com.au/wp-content/uploads/2025/01/RXL-RXL-Accelerates-activity-with-six-rigs-planned-010825.pdf
(20min delay)