RXL 3.23% 15.0¢ rox resources limited

$15.8 million cash in bank-reward sale, page-13

  1. 577 Posts.
    I've been in Rox a fair time now and this is their best announcement yet. And to be fair they've hardly put a foot wrong- we've got to remember that they have been a 'Junior Explorer'.
    Fair to say that they now need to move up a gear. And should. With this money in the bank they should be able to define a pretty good resource across a few projects..

    Had a chuckle at the last part of this quote from the MD- " “Rox has clearly demonstrated to the market that we can acquire, explore, develop and monetise projects for the benefit of our shareholders. "

    Well, that last part has been lacking- benefit of shareholders it hasn't been...dilution, dilution. So now is the time to reward the loyal shareholders with a decent share price and no more dilution....

    Looking forward to the next 12 months drilling
 
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