RXL 3.13% 15.5¢ rox resources limited

time for reflection i think, page-13

  1. 1,311 Posts.
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    hawkish
    looks like your on your own today.
    I do agree the cash probably had to be raised sooner rather than later. european debt woes etc. We dont want to end up like compass etc i.e.with out pants down if things get tight.
    I dont believe they have got into bed with pattersons so they can drill marqua. Seems to me that might be a bottom draw holding for the company. Something else is afoot and we will just have to wait and see.
    There is no way the directors would have expected shareholder will stump up 1.5m when the sp is around 5c. - and clearly is todays posts are representative they wont be. There must be some good news in the pipeline

 
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