RXM 0.00% 44.0¢ rex minerals limited

Ann: Rex announces successful completion of A$50m Placement, page-43

  1. 1,675 Posts.
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    Nice try ynotinvest, but barely a down ramp which to shake the tree here. Previous CR's and dilution were all about survival and continually failing to get consents, which are now in hand you are certainly right RZXM certainly had a track record of destroying shareholder value $305 to $0.05. However things changed with Hog ranch and now also Hillside finally getting consents. KGL is probably 6months ahead of Hillside on being the next ASX Cu mine to be built, and you can see their trajectory since proving up viable mine, getting last consents, and CR to kick off the project development. Will be making adjustments over the next few days to mop up what I can at this price. Happy holding both these previous penny dreadfuls now they are better managed, and finally on development path. I'm rather more excited on both these projects because of the exploration potential, this will ramp up considerably with development of the mines and this is what I can't wait for. AIMHO DYOR
 
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