RXL - Rox Resources

[mullokintyre]

Listening to BTL this morning where he analysed this stock.
The problem he sees is the matallurgy which will require a refractory processing stream.
The process they have chosen is the Albion recovery system, not widely used and the last company to use it went down hill quickly when the recovery percentages went from the planned. 90% in the PFS to less than 70% in production.
It is also an orphan project that will not fit in with any satelite mills in the near vicinity, sowill have to be a stand alone system.
Maybe as the plebs start hunting around for the next big gold thing you could sellintothe sucker rally, but I think I would have wanted to be in it at around the mid 20’s and now looking for an exit.
Just my opinion of course.
Mick

 

[finicky]

Quandary is .. if I act on advice from 'Between The Losers' I'm probably batting for three out of three face plants.
Half a million shares coming out of escrow 30 April and chart's arguably looking kind of toppy on a medium term outlook: reached the level of likely resistance from the prior med term high, thrown two upper wicks and stretched spread between moving averages (too hard and high tech for you @mullokintyre, ignore)

WEEKLY

 

[Tyre Kicker]

I sold this one last week at 0.42. A good result. Had held for quite a while and happy to exit while gold is high.

 

[Dona Ferentes]

the hits continue

$0.36

Step-up Drill Program Complete Continued High-grade Youanmi Gold Hits​

Managing Director & CEO Mr Phillip Wilding commented:
“Completion of the Step-up drilling program ahead of schedule and under budget is a significant milestone as we advance the Youanmi Definitive Feasibility Study.
"These latest outstanding results have the potential to increase the mineral resource and reserve at Youanmi. The northern margin of Youanmi Main continues to deliver high grade intersections that will be incorporated into the resource and reserve upgrades, and results from Prospect appear to link Youanmi Main with Pollard, potentially adding high quality ore early in the mine plan.
"The team have now commenced preparation of the updated Mineral Resource Estimate, targeted for July 2025, which will underpin the DFS and new mine plan.
"Two rigs remain on site drilling, focused on extensional opportunities, which will continue over the coming months, although these will not be included in the MRE update.”

 

[finicky]

Going for the big bucks at an issue price of A$0.30 per New Share (Placement).
"The Placement issue price of A$0.30 per share represents a 16.7% discount to the last closing price of A$0.36 on 30 April 2025 and a 16.1% discount to the 5-day volume weighted average price."

Quarterly period chart not looking too bad as a maturing basing prospect before this raise but not a company I'd personally want to add to. Lot of shares have been generated by the new m.d and this is consistent with the history of the company with the shares on issue being consolidated 15:1 in 2021. So the small shareholder is being left behind by this company while the management prospers - deja vu. And note that there is no consideration for retail in this discounted cap raise, being placement only. Maybe the gold price will save it.

AI Overview
Rox Resources Limited (RXL) completed a share consolidation in June 2021, consolidating every 15 shares into 1 share. This consolidation, approved by shareholders, reduced the number of shares outstanding, potentially making the stock more attractive to institutional investors. The effective date for the consolidation was June 28, 2021.

Held
Not Adding
Tradeable

QUARTERLY periods

 

[mullokintyre]

Going for the big bucks at an issue price of A$0.30 per New Share (Placement).
"The Placement issue price of A$0.30 per share represents a 16.7% discount to the last closing price of A$0.36 on 30 April 2025 and a 16.1% discount to the 5-day volume weighted average price."

Quarterly period chart not looking too bad as a maturing basing prospect before this raise but not a company I'd personally want to add to. Lot of shares have been generated by the new m.d and this is consistent with the history of the company with the shares on issue being consolidated 15:1 in 2021. So the small shareholder is being left behind by this company while the management prospers - deja vu. And note that there is no consideration for retail in this discounted cap raise, being placement only. Maybe the gold price will save it.

AI Overview
Rox Resources Limited (RXL) completed a share consolidation in June 2021, consolidating every 15 shares into 1 share. This consolidation, approved by shareholders, reduced the number of shares outstanding, potentially making the stock more attractive to institutional investors. The effective date for the consolidation was June 28, 2021.

Held
Not Adding
Tradeable

View attachment 198850

QUARTERLY periods
View attachment 198851

If it quacks like a duck, walk like a duck and has a big bill attached, its a dog.
Mick

 

[Dona Ferentes]

If it quacks like a duck, walk like a duck and has a big bill attached, its a dog.
Mick

 

[finicky]

28c at the ask, been as low as 27c
Placement was @ 30c a week or so ago.
Definitely not a recommendation.

Held

 

[ShareSuccess]