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RXL - Rox Resources

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barney said:
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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Its very strange Barney. The more I looked into this the stranger it is. I will post something tomorrow. To many red cordials to be coherent tonight.:xyxthumbs
 
Xendragon said:
To many red cordials to be coherent tonight.:xyxthumbs
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Geez B, I thought he was proposing a toast. :laugh:
Should the correction be,
:eek:"to be incoherent"? :D

"To be, or not to be, that is the question:
Whether 'tis nobler in the mind to suffer
The slings and arrows of outrageous fortune,
Or to take arms against a sea of troubles
And by opposing end them. To die—to sleep,
No more; and by a sleep to say we end
The heart-ache and the thousand natural shocks
That flesh is heir to: 'tis a consummation
Devoutly to be wish'd. To die, to sleep;
To sleep, perchance to dream—ay, there's the rub:
For in that sleep of death what dreams may come,
When we have shuffled off this mortal coil," Bill Shaker.
 
frugal.rock said:
Geez B, I thought he was proposing a toast. :laugh:
Should the correction be,
:eek:"to be incoherent"? :D

"To be, or not to be, that is the question:
Whether 'tis nobler in the mind to suffer
The slings and arrows of outrageous fortune,
Or to take arms against a sea of troubles
And by opposing end them. To die—to sleep,
No more; and by a sleep to say we end
The heart-ache and the thousand natural shocks
That flesh is heir to: 'tis a consummation
Devoutly to be wish'd. To die, to sleep;
To sleep, perchance to dream—ay, there's the rub:
For in that sleep of death what dreams may come,
When we have shuffled off this mortal coil," Bill Shaker.
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You spent far "too" much time concentrating at school FR!

Anyone who can quote The Bard is questionably "too" clever to be congregating around ASF:p
 
Two too many ....
Ok so Dickson.
Exercised 15 mil options @ $0.033 = $495,000 cash needed
However number acquired is 9,200,067
15 mil - 9,200,07 = 5,799,933 missing
He's used these missing ones to pay for the rest for zero cash.
At approx. $495k / 5,799,933 = $0.0853 per share.

Then he's moved these and the other 2.5 mil oppies to super.

The question is why ? Why now ?

Its a new tax year. So there is that, but you could move it later in the year.
Unless you think that the share price would be lower later.
Which also makes no sense because he converted the longer date oppies and left the others.

The only other thing i can think of is he needs collateral to leverage for something else.

Anyway 9.2 mil shares for free is a good gig if you can get it.
Thoughts anyone ?

No wonder I didn't post that last night....
 
Well it got to 6.8 briefly yesterday, but didn't get into the gap zone. I will keep an eye on it but its not looking like it will drop back below 7 again. Will just carry what I have and look at other opportunities.
 
Well spotted by the "bard" et al. The price surge in June20 was massive. Too big for a "pump and dump" situation. Since then, price has drifted lower on low volume. Shorter term traders are losing patience creating this corrective move. I'm waiting for the start of the next move up.

It started (?) yesterday although I didn't see it before the close. Grabbed some today with a limit order at the low of the day (lucky).

rxl010920.PNG
 
I've been watching this one for a while. I'm going to buy it if cracks its previous high.
 
Rox Resources (RXL) currently on offer @ 5.3c
It's my October comp pick but derives mainly from my interest in Venus Metals (VMC) which I got a fill for yesterday. They are partners in the Youanmi Gold Mine jv with RXL being manager and now 70% share.
They have been getting outstanding drill results from near surface right next to the old open pit and have been extending and deepening this prospect called 'Grace' since late 2019. Latest September results screenshot below.

The Youanmi gold mine has been discontinued since 1997 at a gold price of around $400 g/t at that time. For a while it was on care and maintenance and then it was abandoned. Don't know what the open pit grade was but underground they were getting 11.5 g/t I read. A lot of the old infrastructure is still there: mill, sheds, offices, airstrip. It's powered, watered, Comms and think there's still a tailings structure.

A negative is the overhang of a placement and spp @ 2.4c. Also inflated share issuance well over 2 billion. It's actually a more expensive company than VMC, my choice, but chart might respond to drilling results and pull out of its correction which at around 5c is why I picked it for the comp having no better inspiration VMC chart doesn't move much

There are other tenements and prospects in the jv and a couple of them are like 6 kms north from the Penny West gold mine recently purchased by Ramelius Resources. That's what they're after apart from regenerating the old mine - another Penny West.

Some September drill results from Grace prospect right next to the old open pit
Screenshot_20201001-102200_Drive.jpg



RXL 2 Year Daily
big - 2020-10-01T101526.431.gif
 
Some more drilling results today with plenty more pending from the lab it looks, including 9 diamond holes that have tested deeper aspects of the Grace prospect right next to the old pit. They might have found a new gold zone north of Grace. Note how much resource they have already for the Youanmi project : 1.2m 0zs, Grace is yet to be tacked on as a maiden resource.
Also, recall that Venus Metals (VMC), which i hold, owns 30% of Youanmi gold project as well as 45% - 100% of tenements that surround.

Screenshot_20201007-093500_Drive.jpg
Screenshot_20201007-093517_Drive.jpg
 
www.sharecafe.com.au

Rox Resources (ASX: RXL) – Hidden Gems Webinar Presentation - ShareCafe

Presenter – Alex Passmore - MD - Rox Resources is an Australian listed company with advanced gold and nickel projects in Australia. Rox owns a 70% interest in the Youanmi Gold Mine, and wholly-owns the Mt Fisher Gold project and the Fisher East and Collurabbie Nickel Projects, all located in...
www.sharecafe.com.au www.sharecafe.com.au
 
@frugal.rock , not really mate, I'm rather superficial and after initial excitement I drifted away from it, mostly being influenced by souring commentary on boards elsewhere - fellow punters don't think the m.d is very forthcoming with info and is paying himself too much for what he does. There's always negativity about any stock but the dissatisfaction seemed higher with RXL. Another thing is that on second thoughts it did not seem cheap when I factored in the high number of shares. Anyway, I am pretty satisfied with having a small stake in Youanmi via VMC as alluded to - not that I am ramping that as I have sort of lost interest there too but certainly not enough to sell. Lately I am focused on getting younger via expensive supplements (NMN, Resveratrol etc, fasting, right food and more exercise)
 
finicky said:
Lately I am focused on getting younger via expensive supplements (NMN, Resveratrol etc, fasting, right food and more exercise)
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Any recommendations on that front?

Back to Rox, any opinions on announced SP consolidation and then demerger plans?

Have been keeping an eye on Rox as a buy interest, but has been based around gold, but these plans may change may away my thinking either way.
 
I still have RXL on my watchlist @frugal.rock
however I doubt that I will act on it, just stick with my VMC holding for a taster of the Youanmi Gold project shared 70/30 with RXL being the majority holder. Not a recco for VMC, I have doubts about the M.D

Re anti-ageing there is heaps coming out about it on social media. Ageing is being finally recognized as a disease. I get a lot of info from youtube. Some of my faves on this topic are David Sinclair and Dr Rhonda Patrick (hubba hubba). Also Prof Valter D Longo. Just use the search function obviously.

I have been buying my supplements from donotage and they have an info page at: https://donotage.org/science/ where the products are hyperlinked to short commentaries, as well as a product ordering page. Bloody expensive and shipping is costly from U.K. I feel pretty good lately but don't know whether its from supplements as also exercising more, not drinking, lost a bit of weight and do time restricted eating (eating window of roughly 4 hrs per 24 hour day)

Been using the NMN (Nicotinamide MonoNucleotide) intermittently but have been focusing more lately on 'senolytics' where I am taking apigenin, quercetin and fisetin. Also taking a resveratrol like compound called Pterostilbene and berberine for blood glucose. But supps are a hell of a rabbit hole, I never have the feeling that I know what I am doing - the main things to get under control I believe are weight, blood glucose and insulin, blood pressure, exercise, right diet (for me that is whole food plant based) and fasting. The supps are still at experimental stage.

There's a joe blow self experimenter on youtube called 'My NMN Experiment' (he's not the only one) and he has a product discount code with donotage which is MYNMN.
 
RXL has been on a slide since the flurry of excitement in June last year.... Hit $1.20 but now a year and a bit on, its 41c. Youanmianwhoeverelse.

The company retains a 11.4% holding in Cannon Resources, which listed today ... out of a demerger undertaken by Rox Resources (RXL) for the purpose of maximising the value of the Fisher East Nickel Project and the Collurabbie Nickel Project. CNR raised some money at 20c and ended Day One at 30c.
 
This is a big resource upgrade and only $46m EV. Geesh. Must be something wrong with it or it's being completely ignored.


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