In analyzing XRF, it seems to have all the financial metrics that far larger companies have. firstly, it has consistent earnings per share increase over a number of years. The capitalization (ie number of shares) has remained fairly stable. I note that they have issued shares to take up the option to purchase the other half of the crushers, but that there has been no SPP or rights offer to dilute the number of shares on offer. Lastly their ROE and ROC has been consistently strong. The added bonus is that management seems to have been in place for some time and haven't indicated that they are thinking of departing. Although they are fairly media shy, they tend to under promise and over deliver. Let's hope that this trend continues. Interesting that as the SP rises, daily fluctuations have tended to be less extreme.....or have I spoken too early ? (lol)
XRF Price at posting:
$1.55 Sentiment: Hold Disclosure: Held
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