FXR 0.00% 0.2¢ fox resources limited

what take to get back to over 1dollar, page-6

  1. 887 Posts.
    "Trader, if it's a $1 at the end of the year then Jinchuan won't be exercising their #1.20 options..."

    They still can as the options expire 12mths from share issue (which was to be completed shortly). So $1 by end of year, and rest or near enough by April next year. Still plausible.

    But the company is a little prime to being a take-over target at these low levels. Just disappointing they continue to see the need for Capital Raising instead of using positive cash-flows from projects and building company that way.

    Just more dillution for the average shareholder like myself.
 
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Currently unlisted public company.

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