hard to know really - RXL gave away 12%? to RIO and will give...

hard to know really - RXL gave away 12%? to RIO and will give away a further 70% to Teck if they go ahead - remember that there is no cash to RXL from any of these dealings - boy, RXL certainly knows how to drive a hard bargain!.....

overall the picture is like this - RXL had a project in Laos which it dumped to take over the old RIO 'Reward' prospect - RXL have actually DISCOVERED NOTHING - RIO proved up the Zn-Pb deposits NOT RXL.....

having no money itself to enhance the old Reward prospect RXL looked around for suitors and hence the Teck deal - but essentially RXL is hoping that something significant is discovered in the discarded RIO project - does anyone think RIO would have walked away from a bonanza?...... so, there's Zn-Pb there alright, but how much?...... that's why the sp is a handful of cents....


on a more practical note for punters, I wouldn't be surprised to see RXL go sub-5c at the present rate so the SPP might be a another disappointment?..... RXL IMO remains a pure gamble.....