I think that has been part of the plan all along. XRF is not like a mining company that’s going to have a big find and double overnight, it’s just a small company being run effectively and efficiently with good metrics (read financial ratios). It doesn’t come out with a lot of company announcements, it’s management have been in situ for quite a number of years, and it gives a small fully franked dividend. IMHO it will just keep on keeping on, with *perhaps* a larger mining or analytical company making a bid later on “if” they see the opportunity to add value or, if it’s of value to them. After all, the capitalisation of XRF would hardly provide an entree, if a large company wanted to make a meal of them. I have often said that I consider XRF as being a company “selling picks and shovels to the miners”……miners are all over the world and the products and services sold by XRF are universal.
XRF Price at posting:
$1.43 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)