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ROX, ROX LIMITED |
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![]() Posts: 6,625 Thanks: 361 ![]() |
Hi there Pouched one. Well done. It was one earmarked by DW as a goer and it was his thumbs up at 12c that got me in originally. Been in and out a for a while but back in on the revious false start, but with 6 months of solid drilling time they should get fairly close to mineable resource delineation before the next wet season. Have to wait and see I guess. Be nice to have another Aussie/Laos success story. It certainly looks like they could have some good grades coming through. ![]() R/Di -------------------- "Adversity does not build character; adversity reveals character."
Sandy Dahl |
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![]() Posts: 2,398 Thanks: 118 ![]() |
Hello Di. Yes, its sagged a bit over the last few minutes, but at 47c not bad. I took a small RXL position after talking to them at the Oct Mining Excellence Conference. |
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![]() Posts: 6,625 Thanks: 361 ![]() |
ROX fairly scorching along today. Has been bubbling along for a few weeks and seems to be off today. Now doubt drilling news will be imminent. Great to see some action after a long wait.
![]() R/Di -------------------- "Adversity does not build character; adversity reveals character."
Sandy Dahl |
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![]() Posts: 6,625 Thanks: 361 ![]() |
A useful looking new presentation on the ROX website. www.roxresources.com.au
It's also interesting to note that ROX has $5m + cash in the bank and is divesting all non core assets i.e. Aussie gold and SA diamonds to concentrate on it Laos Zinc/Lead/Silver projects. It would appear that there is huge potential in the deposits they have identified along with new drill targets over 310km strike extent. They have applied for additional tenements within the area they have identified as having very rich PbZnAu. Rock chip samples and surface outcropping giving them obvious clues. Excellent stuff. September will see the end of the wet season and drilling recommence. Looking good. Very speculative of course, but worth holding a few as the number of shares outstanding is only 60m plus a few unlisted options. Good buying again at these levels. JMHO of course. ![]() R/Di -------------------- "Adversity does not build character; adversity reveals character."
Sandy Dahl |
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![]() Posts: 6,625 Thanks: 361 ![]() |
Thanks jacsar ... I've been dabbling in AIM/AIMO ... it looks very good. Greater country risk, but it is making really good progress. Much more advanced than ROX of course, but ROX is looking like making excellent progress. Bought my first lot at 12c so I'm not complaining. ![]() R/Di -------------------- "Adversity does not build character; adversity reveals character."
Sandy Dahl |
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![]() Posts: 833 Thanks: 128 ![]() |
Off the track I know Diana, but if interested in zinc have a look at levels at Perkoa held by AIM/AIMO.... cheers jacsar |
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![]() Posts: 6,625 Thanks: 361 ![]() |
More good news ... looks like ROX have got the bit between their teeth now with a second rig arriving to prove up another identified deposit. Looking good. ![]() R/Di
-------------------- "Adversity does not build character; adversity reveals character."
Sandy Dahl |
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![]() Posts: 6,625 Thanks: 361 ![]() |
LOL healyn. ROX are going to drill some holes ... excellent! I've been waiting for this announcement for a couple of months. I bought at 12c ... should have waited for 10.5c but hey, I hardly ever get that bit right. However, mustn't complain, up 28% before it went into pre-open. They have identified some pretty spectacular grades of zinc/lead in outcropping, which is what we are looking for. Now for some drilling to identify exactly what sort of resource is there. Great news! It's happening now! ![]() R/Di -------------------- "Adversity does not build character; adversity reveals character."
Sandy Dahl |
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![]() Posts: 4,638 Thanks: 93 ![]() |
Diana, something is afoot. The SP suggests the good ship ROxy has been leaking live a sieve. There are investors out there who not only have the smarts but info as well. Something we don't. -------------------- "Good judgment comes from experience, and a lotta that comes from bad judgment.
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![]() Posts: 6,625 Thanks: 361 ![]() |
healyn, I would be delighted if you were correct about the diamonds in SA, but nothing there to suggest an economic resource so far. The activity that is imminent is the drilling in Laos with the zinc/lead/silver deposit. The proceeds from the Menzies project will add to the coffers as well, so there is a nice cash balance in the mean time. Always useful when the drilling bills start rolling in. I hope the earlier indicators from sampling turn up in the drill core this time as well. The company must have a fair degree of optimism to have pegged and applied for another two large areas adjacent to the current z/l/s deposit. Time will tell. ![]() R/Di -------------------- "Adversity does not build character; adversity reveals character."
Sandy Dahl |
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