FEX 1.82% 28.0¢ fenix resources ltd

capital raising, page-22

  1. 118 Posts.
    Australian and Chinese govts approval do not happen quickly. The cap raising is obviously aimed at continuing work until this happens and the cash hits EMG's account.

    I also would want more detailed work - such as the concentrate grades - prior to signing a jv such as this. But then again, my financial strength is not quite that of CMIC...
 
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