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23:27
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Originally posted by jogo
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I still read posts by people who complain that RXL did not pursue its opportunity to develop the zinc mine at the Reward project in conjunction with Teck. I now recognise that there are companies that specialise in exploring and finding projects with defined resources that are good enough to sell off to some other company that wants to establish a mine and sell product. I think RXL is this kind of company. There is nothing wrong with this but investors should be aware of what kind of company they are buying into. The nascent efforts by RXL to float a gold company called Helios to take its gold resources at Mt Fisher is a good pointer to the fact that RXL is this kind of company.
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A few directors like to spin out a company they dont need too ,just to get 2 lots of directors fees for doing it of course the company has new shares in the float. And some board seats and some new directors as well independent to thd parent company .
(20min delay)