THE PREDICTORS - YOUANMI SUPER PIT., page-2537

Three things I would say.

The market doesn't really like small cap / pre-production companies these days much as their liquidity / balance sheet position is not as strong as a blue chip (or positive CF) company's.

Market sentiment against gold companies incl. both explorers and miners is rather bearish right now, which is quite surprising to me given the bullish gold price forecast and the fragile economic outlook.

Despite the bad macro factors, many gold companies remained strong in the past couple of months and only lost 10-20% of their values compared to the August/September heights. The issue with RXL IMO comes down to eroded investor trust against the management. AP keeps promosing things, which they can't deliver and instead of keeping the investors informed about the missed deadlines / deliverables, he keeps quiet for months. I personally don't really believe in what he says anymore and that can be a red flag for many investors. I think now it's the time for the results to do the talking. Let's wait and see.