RXM 0.00% 44.0¢ rex minerals limited

Ann: Maiden Mineral Resource Hog Ranch, page-4

  1. 138 Posts.
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    I’m still trying to get my head around why we are purchasing mineral leases? I’ve seen similar stuff before by other ASX listed stocks.
    Some of the possible scenarios could be A) To put pressure on the bureaucrats to approve PEPR or risk losing mining to another country.
    B)This isn’t going anywhere anytime soon and it’s a distraction technique used on Share Holders (common for asx minnows to do this).
    C)They plan to sell it and make some money to raise capital for Developing Hillside... which would be risky but also quite strategic.
    Not sure what other holders thoughts are?
    All IMO,DYOR .
 
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