RXM 0.00% 44.0¢ rex minerals limited

I think most of people here share this sentiment. my question is...

  1. 143 Posts.
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    I think most of people here share this sentiment. my question is how many more times your shareholding will be diluted before this happens (if it happens).

    PS: Rex raised and spent $210m since 2008. What really irks me about that is had they put aside just 5% ($10m) of that money for contingencies, we would easily have 2-3 more years of runway to weather out the dip in CU and the regulatory delays... easily... instead we spent millions on consultants and to lease a flashy office in the middle of the CBD that we had to abandon anyway... it just looks and smells like bad management of shareholders funds to me.
 
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