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.
- Forums
- ASX - By Stock
- Ann: FOX ANNOUNCES A RETURN TO PRODUCTION
Spot on, TraderSam.I guess the reason why they have to delay is...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)