Good move by co. Keeping the Rex momentum going. On the flip side, the more revenue coming out of Rex, the more PLX will want for their share.
Another consideration is that there is no point rushing Warro transaction (to raise funds) and taking a bath on it.
Joelsmith, $30 bbl gross margin was what the MD told investors at good oil conf. Bear in mind, none of the financials contain any meaningful revenue from Rex. It only came on stream in the last part of June.
I reckon the best is yet to come - id be looking at Q1 and Q2 reports for FY2020.
Salt, I think you meant $60K per day - even so, with the CR they can buy a couple of wheel barrows...to cart all that money to the bank!!!
Ann: Trading Halt, page-31
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