I cannot believe the tripe the Chairman is saying now as in this article below. He must be incompetent (in releasing a supposedly badly worded release to the ASX last week that did not apparently reflect the company's forward looking intentions) and fanciful (the MD resignation on the same day as the revised revised Extended BFS supposedly unrelated). What imbeciles does he take us for?
Rex saw its share price drop and nervousness among investors as the company announced its plans last week, but Mr Olsen says major investors are now on board with the new strategy. "We did not communicate very well the fact that we're still focused on the large-scale mine, and that the results so far have been really strong. "Early on ,the belief was that we had in fact looked to scale back, but as we've talked to major shareholders we now believe some of that misinformation will be corrected." On the same day the results of the feasibility study were announced, managing director Mark Parry also stood down, but Mr Olsen says the two announcements were not related.
RXM Price at posting:
31.0¢ Sentiment: None Disclosure: Not Held
