RXL 6.25% 15.0¢ rox resources limited

Hi All Holders, I emailed on the 8th, and they responded: "Hi...

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  1. 291 Posts.
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    Hi All Holders,
    I emailed on the 8th, and they responded:

    "Hi Team,
    I am a current shareholder of ROX, and am a little upset at the lack of information being given to shareholders at present.
    The general mood for shareholders of ROX Resources is very poor to say the least. Collectively we would like an update on what is actually being done with the result from the most recent Aircore Drilling as it was 'exceptional results', and we have heard nothing since. We feel that this is impacting our investments. All we see is staff being rewarded for their efforts (whatever those may be) while our money is slowly diminished.

    I trust that this will get to the correct person - perhaps take a look at the hotcopper forum. This is a clear reflection of what the partial owners of your company feel.

    kind regards,"

    *****
    "
    Dear *****,

    Rox released an Exploration Strategy to the ASX on 20 February 2018. Perhaps you missed it. It is attached for your information. It was a follow-up to the aircore drilling announcement in January.

    In this strategy you will see that a 3,600m RC drilling campaign is planned to follow up the "exceptional gold aircore drilling results". In addition the company is planning a 2,500m diamond drilling program at its Fisher East nickel project testing some exciting targets. Finally, some 6,200m of aircore drilling is planned at Collurabbie and Fisher East. We anticipate the diamond drilling will commence in early April, following the end of the cyclone season (December-March). This will be followed by the aircore drilling, and then the RC drilling. The scheduling depends on rig availability which is beyond our control. We will announce the start of drilling and any scheduling information, as per normal industry practice, as it comes to hand.

    I can assure you, the Company's money is not being spent without purpose. Company staff are working very hard behind the scenes, on projects designed to bring value to the company. However, these things don't happen overnight, as I'm sure you understand.

    I would be happy to take your call any time to discuss further.

    Regards,

    Ian Mulholland
    Managing Director
    Rox Resources Limited
    Phone: 08-9226-0044"

    _____________________________

    Cheers everyone out there GLAH you will need it.
 
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