RXL 1.61% 15.8¢ rox resources limited

Been watching the argument going backwards and forwards for the...

  1. 527 Posts.
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    Been watching the argument going backwards and forwards for the past three days. Plenty of passion in this argument. Reminds me of RED for the past couple of years.
    My thoughts are that this is a extremely valuable asset. But its true value will only be realised when someone is willing to pay what it is worth. This could take a while. The best thing is that its value increases every time the POZ goes up. So if nothing else is done it will continue to appreciate in value. (providing the POZ keeps rising as forecast) Eventually it will reach a level, either as a fat a chunk of rock, or value added as a mine, where it attracts serious interest.
    For me, it now sits in my super fund, in abeyance, waiting for some serious attention, no matter how long it takes.
    As for the techs, I think the fun is over for now. It will now be a bit of a non event for the mid term.
 
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