FXR 0.00% 0.2¢ fox resources limited

Ann: FOX ANNOUNCES A RETURN TO PRODUCTION , page-3

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  1. 147 Posts.
    Spot on, TraderSam.

    I guess the reason why they have to delay is because they don't have money.

    Their cash posotion is always a worry.

    I will be very happy if they can sell the Mt.Oscar to the Chinese with a free carry 5%.

    Even without Mt.Oscar, if they can deliver Ni, Copper and Zinc in a commercial way, FXR is still a $1.50/share company.

    They have very good land holdings in a stragegic area, but they just could not turn that into profit.

    Anyway, chairman's buy in is always a positive thing. I hope another suite of good news (they are very good at doing these sort of things) is not far away.


 
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