RXL 3.33% 15.5¢ rox resources limited

Ann: Mineral Resource Upgrade for Fisher East, page-31

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  1. 251 Posts.
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    AJ
    There are (only?) 1.2bil shares not 2.1bil, so the position isn't as bad as you suggest - typo? However it's a fair bit of paper, which has resulted from them spending too much, even in the protracted downturn. I gasp at the amount spent on Admin each quarter; it's too much for a resources explorer in the current market.

    I think their admin spending and capital management are THE reasons why the share price has under-performed so badly, despite the good assets, and why we're all losing money on this enigmatic stock.

    I'd love to see them bag a big $ sale of the zinc acreage and significantly cut their admin. costs to a level appropriate to the poor commodity prices. Here's a chance for management to prove the sceptics wrong, and show us how switched on they are.
    Last edited by La Tache: 17/02/16
 
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