RXL 0.00% 15.0¢ rox resources limited

I would expect the assays from the next two diamond holes to be...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 300 Posts.
    lightbulb Created with Sketch. 30
    I would expect the assays from the next two diamond holes to be as equally as strong.The game changer would be shallower high grade mineralisation, perhaps from the diamond drill in progress.This would certainly enhance the economics of putting in a decline in a stand alone operation.Longer term,given the financials of TECK and GLENCORE(next door),I would expect interest from a major,with the means of lumping the two projects together.The dilemma is what value you place on your 30% stake in TEENA. My earnest wish is that management places greater emphasis on generating revenue.The gold assets are a standout in this current environment.This should not be a difficult concept for a MD on 500 grand a year. The current share price reflects a malaise of CR weary shareholders.Build up a suite of assets and run the risk of having them sold off in some lowball offer at some time in the not too distant future.Thanks,but no thanks.I will need to see the current directors buy on market in significant quantities before investing further in the company.
 
watchlist Created with Sketch. Add RXL (ASX) to my watchlist
(20min delay)
Last
15.0¢
Change
0.000(0.00%)
Mkt cap ! $57.48M
Open High Low Value Volume
15.0¢ 15.0¢ 15.0¢ $2.445K 16.3K

Buyers (Bids)

No. Vol. Price($)
4 386861 15.0¢
 

Sellers (Offers)

Price($) Vol. No.
15.5¢ 241000 4
View Market Depth
Last trade - 10.06am 29/11/2024 (20 minute delay) ?
RXL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.