Bashers and PumpersEveryone is entitled to their opinions on this stock and in this case we have lots of bashers and pumpers on here. Somewhere in the middle of the bashing and pumping are some good informative posts. Firstly we will have to wait for the appeal period to end (I know that the armchair lawyers tell us that there is no chance of an appeal at all) then we can become a real speculative stock with future potential.
So hear are my thoughts......once we get the final decision ROX can start drilling. I would assume that the drilling and financing plans are in place to get us through the first phase of drilling so that ROX can hopefully duplicate the old original drill holes (my understanding is that they are just drilling parallel to them). If ROX can obtain the same results from a few holes we should get the SP into the $0.30 range and raise some additional funds without too much dilution of shares. Remember we only need to pay for the first $750,000 or so of drilling ourselves, after that our joint venture partner will have to pay for their share.
The property has great potential and there is money to be made in the future. We all want a great SP now but face it...ROX only has an option on 50% of a property that has some old positive drill results. The day before the decision the SP reflected the value of that decision, that is why did not go up after. The SP will raise again in the next two weeks however based on the last run up I doubt that it will go over $0.20 and probably settle in slightly lower. There is no way that the company's 50% option can support a $0.50 SP based on a few old assays.
So feel free to call me a basher, I have been called worse...lol