RXL 6.25% 15.0¢ rox resources limited

Ann: December Quarter Activities and Cash Flow Report, page-2

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  1. 1,371 Posts.
    lightbulb Created with Sketch. 9
    After changes to the board I'm back in very cheaply..

    Rox should seriously consider doing what THX and MAT are trying to do, which is mining small projects and selling the ore to a third party...
    THX has $1 mil in the Kitty
    Mat has $5 mil
    Rxl has $12 mil.... Heaps of cash to start digging... already they blew $8mil from the $20mil they got from teak... the dosh went on admin and exploration ... Shareholders got nothing..

    Like MAT, mining will bring in cash instead than burning cash in terrible market conditions..

    MAT was able in a year to give shareholders a bonus and planning to give a maiden dividend...
    that is what the long suffering shareholders of RXL need....

 
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