aren't they doing lots of drilling, upgrading reserves and getting a feasability study prepared. They can't help the fact that the price of copper has tanked etc. What would you like them to do? In hindsight they did well to get the capital raising away at the time and price they did.
OZ has 750mill set aside for acquisitions I think so maybe they could sell for a small premium to them??
easy for me to say I know, not holding at the moment.
This appears an excellent resource, well located etc and I'm sure it's time will come.Problem is development costs 3-4 times courrent market cap as far as I can remember.
RXM Price at posting:
68.5¢ Sentiment: None Disclosure: Not Held