Ann: Rex successfully completes A$8M Placement, page-44

... and there's the small matter of a lazy Billion dollars minimum, and rising all the time, not to mention increasing OPEX costs

they obviously cannot get within cooee of finance. it's a good project on paper but going nowhere. the BHP's of this world aren't interested until the hard yards are done, refer OZL. look at Codelco while you're at it.

there's every chance of a brutal CR as is happening with many junior mining companies, even if it doesn't look like they need the cash they're getting in to keep things ticking over but the share price of these companies is being slaughtered.