re: Ann: Fox Bolsters Exploration Campaign In...
Now this is what really annoys me. They get $8m in their pocket, and what do they want to do? Increase production expenditure!
What about using the $8m to get the heap leaching operation going? And THEN use the cash-flow from that to cover your exploration expenditure?
From that announcement it looks like what I feared. Money pissed up against the wall by digging a few holes in the ground.
Maybe they should focus on one thing at a time. They've been almost doomed by spreading their focus around previously!
FXR Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
