Nothing has changed since a couple months ago when it was flying up around 90c per share.
I am a disappointed with the SP performance (especially in a bullish market) but am comforted that...
"Rex is now in advanced negotiations with several consortia–including international contractors, banks and credit agencies–to fund as much as 70-80% of the project’s A$900 million costs.
That means that Rex could end up having to find only A$200-A$300 million through debt and equity markets, or offtake agreements"
It is all a matter of what kind of deal REX can get...and how it may reward the shareholders. There are some big names on the registry ....obviously they are confident of the project going ahead or possibly a takeover tilt.
Hard to believe the SP was up around $3 not that long ago and now it is close to striking a deal the SP is getting hammered.
RXM Price at posting:
59.5¢ Sentiment: Hold Disclosure: Held
