FEX 1.28% 38.5¢ fenix resources ltd

Ann: Board Appointment , page-5

  1. 3,890 Posts.
    Yes it is a good appointment but I note it's another non-executive position. Begs the question: who is doing the work in the business?

    I don't think there'll be any SP appreciation until we see details of the cap. raising. Maybe a small pump coming up but the cash must be pretty low by now.

    I've taken my money off the table until I see a plan and how it will be funded. Will happily return once/if they get to that stage but at the moment the cash situation and presos indicating they're into lead, gold, hematite, magnetite, uranium (in one interview...) It's too much and no funding that I can see. I hope they manage to get a raising away at a premium to the share price and with a comprehensive preso on drilling and commercialisation timetables. Judging by the recent selling I'm not the only one thinking that. Once the business is properly funded I'll jump back in.
 
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