RXL rox resources limited

Why the fall in the share price today?

  1. 10,075 Posts.
    lightbulb Created with Sketch. 4852
    Lot's of noise on this thread. Silly posts by non holders.
    For example, Rox has no gold, Younami is just a hole, no metallurgic results, Hawkes Point is selling out etc.
    Not worth responding to.

    What are the worst scenarios?

    (1) Link and Junction are dusters.

    While some but not all Link results have been disappointing Junction was always the more likely prospect as it had little historical drilling.
    It is just too early for Rox to know the results of the drill holes from 7th July ann.
    Also there will be more historical assays in the next results like the last one on this table.
    https://hotcopper.com.au/data/attachments/3360/3360812-6a7e2e190a4454da8f339e561db227e1.jpg
    (2) There is a leak from Rox, something negative had happened that we don't know about.
    There has been one leak in the past 2 years and Rox made sure it never happened again.

    (3) Feasibility study is complete and shows that Grace and near mine resources are uneconomic
    This seems too early and highly unlikely given the shallow, high grade JORC complaint 109.000 oz au @ 7 g/t oxide gold.

    Note that the sell off today was low volume, less than 500K shares on Commsec.
    The final signal was positive as the SP pushed above the MA.
    We have lost all the gains from a year ago but reached a technical bottom.

    Ignore the non holder responses to this post.



 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
35.5¢
Change
-0.005(1.39%)
Mkt cap ! $265.1M
Open High Low Value Volume
35.0¢ 36.0¢ 34.5¢ $430.2K 1.234M

Buyers (Bids)

No. Vol. Price($)
1 144768 34.5¢
 

Sellers (Offers)

Price($) Vol. No.
35.5¢ 200547 2
View Market Depth
Last trade - 16.10pm 28/08/2025 (20 minute delay) ?
RXL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.