RXL 0.00% 15.5¢ rox resources limited

Ann: Rox accepts $21M offer for Reward project,MZN-RXL.AX, page-27

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  1. 14,254 Posts.
    lightbulb Created with Sketch. 323
    i dunno about shenanigans except the dodgy what is clearly unnecessary last cap raise

    you need to read the last zinc deposit grade ann again

    its as clear as day there were 2 options - spin it off to another zinc co or sell it
    so the company is following through on what they said they were going to do (and not in an eternity) with both options running also so time doesnt drag out any further

    facing reality they had no interest and no cash - so at least they are getting in a better position

    it will be interesting to see if Pattos all of a sudden change their sentiment on rox now they shook the hand of money
 
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