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RXL - Rox Resources

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HIGH GRADES FROM CAMELWOOD
Highlights
• Diamond drill hole assays received, including 1.2m @ 5.2% Ni and 3.1m @ 3.4% Ni
• Drill intercepts included some very high grades, viz. 0.7m @ 7.8% Ni and 0.4m @ 5.4% Ni
• RC drilling continues to intersect nickel sulphides extending mineralisation further north to a strike length of over 800m
• Platinum Group Element (PGE) assays received for diamond hole MFED001

Diamond Drilling
Assays from diamond holes MFED004, 005, 006, 007 and 008 were received as follows:
MFED007: 1.2m @ 5.2% Ni of massive sulphide, including 0.7m @ 7.8% Ni from 388.7m
MFED008: 1.8m @ 2.8% Ni of massive and semi-massive sulphide, including 0.3m @ 4.0% Ni from 350.5m of massive sulphide
MFED005: 0.4m @ 5.4% Ni from 382.0m of massive sulphide, and 3.1m @ 3.4% Ni from 384.6m of massive and semi-massive sulphide
MFED006: 1.3m @ 2.6% Ni of massive and semi-massive sulphide, including 0.6m @ 3.8% Ni from 317.7m of massive sulphide
MFED004: 17.1m @ 0.47% Ni from 197.3m of disseminated sulphides
 
springhill said:
HIGH GRADES FROM CAMELWOOD ...
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Strong Camelwood Drilling Results:

http://www.asx.com.au/asxpdf/20130412/pdf/42f6yk58bfg7wk.pdf

rxl.gif
 
TCB said:
Whole market getting a smack on the bum at the moment:banghead:
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Not really TCB, that's more of a Kochie or Kohler commentary.

I hold six stocks at the moment and only two of them closed below yesterday's close (TLS via TLSIOI and CCV)

There are some stocks stocks that don't seem to be affected by the negative days (mainly tech stocks) that are making money regardless of the overall sentiment.

Having corrections such as this is fantastic as it creates a whole new uptrend with numerous opportunities once the turn sets in - provided that you haven't been silly enough to ride it down where the new uptrend may only get you back to where you were a month ago.
 
Me thinks that things are looking up.
Currently, bid 1c, offer 1.1c.
Has been churning through 1c for a while. The run of 1c offers was nearly finished but I think I may have triggered the weak hands by dumping 750,000 volume at 1c. (Only dumped due to needing funds)
The new director Alexander Passmore has been buying up lately.
I still hold 1/4 of original position.
How long before a good news ann?
Or do I have rox in my head?
Cheers, F.Rock
 
frugal.rock said:
Me thinks that things are looking up.
Currently, bid 1c, offer 1.1c.
Has been churning through 1c for a while. The run of 1c offers was nearly finished but I think I may have triggered the weak hands by dumping 750,000 volume at 1c. (Only dumped due to needing funds)
The new director Alexander Passmore has been buying up lately.
I still hold 1/4 of original position.
How long before a good news ann?
Or do I have rox in my head?
Cheers, F.Rock
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I don't think you have rox in your head. The ROX share price has soared in the last few days. You were just a couple of months early.

The announcement released on 22 July regarding the commencement of a reverse circulation (RC) drilling program at the Youanmi Gold Project in Western Australia didn't have any real impact on the share price.

However, on Monday this week RXL received a Price Query from the ASX. This is the company's response:
On 10 April 2019 the Company announced it acquired a 50% interest in the 1.2Moz Au Youanmi Gold Mine and up to a 50% interest in the gold rights to the broader Youanmi shear zone which includes a significant tenure position along strike and surrounding the high-grade Penny West gold deposit. Since that announcement there has been a steady increase in the price of and volume traded of the Company's shares.

On 22 July 2019 the Company's joint venture partner, Venus Metals Corporation Limited announced RC drilling had recommenced at the Currans Find prospect and that in early Augusta 5,000m aircore drilling program will commence north of the historical Penny West gold mine, the historical Magenta and Columbia gold prospects, and the recent Penny North gold discovery by Spectrum Minerals Ltd, c. 2-4km to the south and along strike of the area to be tested by the AC program.

Additionally, and importantly, on the morning of 29 July 2019 (this morning) Spectrum Metals Limited announced high-grade extensions at Penny North deposit which lies along strike for the joint venture area.
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The RC drilling program announced on 22 July was scheduled to be completed by the end of July, so perhaps there is some good news on the way as a result of some loose lips?

RXL up another 20% to 2.4c so far today on volume of around 50 million shares. Looks like the bottom is in here.

big.chart-RXL.gif
 
This is my Jan 2020 tipping comp pick.
It's broken out of a 2 month trading range with increased volume.
The volume leading up to the sucessful break was decreasing.
So with a bit of luck, it might continue upward.....

rox.PNG
 
This is one that got away from me.
I ended up dumping the rest of my holding around 1.4 then watched it climb to 3.2 ish...
Didn't I feel like a mug...
Original holding was 1,000,000 shares. Over capitalised...
Original TP was to hold for 6 months with discretionary exit or to reassess at September.
Plan your trade and trade your plan.
Coulda, shoulda, woulda been a $20k profit... :cautious:
Fond? memories of the one that got away. I had a netful of stocks that didn't perform until just after dumping. Good luck Myrtie 100
 
Note to self.
When you have watched a stock for months and it's been consolidating, how long do you want to wait?
Do you go to the train station and watch the train stop, and then not get on, watch it go without you? Eeeediot.

Screenshot_20200616-221638.png
 
I will not be surprised to see it hit $0.10 today. Announcement this morning.
Youanmi (Grace) Shallow Drilling Delivers
More High Grades
Highlights:
Shallow infill drilling returns more high gold grades:
• RXRC266: 4m @ 88.81g/t Au from 27m (Grace)
o Including: 2m @ 176.03g/t Au from 28m
• RXRC260: 11m @ 18.75g/t Au from 8m (Grace)
o Including: 3m @ 61.27g/t Au from 10m
• RXRC268: 9m @ 9.28g/t Au from 9m (Grace)
o Including: 2m @ 33.53g/t Au from 11m
• RXRC252: 4m @ 7.56g/t Au from 17m (Grace)
Deeper step-out drilling is ongoing with assays still pending for these holes.
____________________________________________________________
Indicative opening price currently
$0.073 and climbing...

F.Rock
 
Darn, no pullback. This train is still running. All the SPP shares would have dropped by now. Some of these next assays could be big as well to keep the train fueled... Cho..choo
 
I'm choosing RXL for July's tipping competition.
Clearly this one has massive momentum behind the sharp upward move, so I'm hoping it will continue to push up even further over the month.
Lots of volume and a couple of gaps - looks like people don't want to miss out.
It seems to be having a breather now. The last few smallish candles are holding within the highest candle - volume is decreasing on these small days too.

RXL.PNG
 
Just announced.
Go @myrtie100 !

High gold recoveries from
initial metallurgical test work at
Youanmi
Highlights:
• Accelerated cyanide leach assays confirm leachable gold
• Excellent gold recoveries at Grace averaging over 95% in fresh
rock
• High gold recoveries averaging 96% in oxide mineralisation
throughout the project area.
__________________________________
 
Xendragon said:
Still waiting on assays for this one. Has held 8c pretty well. Maybe they drop this week.
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Hi X,

Discounting the good results, the initial rise always looked a bit steep. Volume has dried up so that 0.07 level is important in the short term.

If it breaches that, the gap back to 0.062 looks likely.

If drill results are slow, 0.05 (50% from recent high) would not be out of the question over the next month or so.

Nothing sinister if it does drop and could present a better buying opportunity. Just my opinion of course, and with more spectacular drill results, who knows.:)
 
Interesting day, opened on high 8.2 got pushed down to 7 closed 7.5. I hope we get that 6.2-6.5 Wednesday or Thursday, with the AGM on the 28th management will be looking to release good news before then.
 
Xendragon said:
with the AGM on the 28th management will be looking to release good news before then.
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Interesting that yesterday Brett Dickson chose to exercise the more expensive 15 million long dated Options (Nov 2022) at 0.03 cents

Yet he still holds 7 million (Nov 2020) Options which can be exercised at 0.024 cents:confused:

Anyway, speculation aside, he stumped up about $450,000 for the conversion.

Nice to have that kind of loose change lying around:eek:

Shares were converted to "Indirect" so the Family Super Fund will help spread the eventual taxation.

I am a little envious of all those zeros he has to play with:rolleyes:
 
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