RXM 0.00% 45.0¢ rex minerals limited

Who is going to get a bargain!, page-740

  1. 15,272 Posts.
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    Water and power usage are opportunities for improvement.
    E.g. lots of renewable planned.
    We have to get financing through and the banks aren't going to finance anything too new and revolutionary.
    which means those opportunities are in abeyance as improvements for later. E.g. totally electric automated trucks.

    A point I would make about the waiting.
    We all want to blame it on Rex but it's just as likely the fact that the banks have not financed managing projects recently and their mining engineers & geos, who are in demand, have buggered off to other high-paying jobs. The banks have to piece together a cocktail for the loan ( this size) so it won't just be the one. I hope I'm communicating the complexity of it.

    Anyway, I'm sure we're close to the end. hey, can hardly announce it on June 30 right?
    There may be some window dressing from investment funds but I don't expect it here.

    Also, to those in the finance industry Happy EOFYS.


    All IMVHO
 
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