RXM 0.00% 45.0¢ rex minerals limited

Ann: Retail Entitlement Offer Results, page-27

  1. 15,285 Posts.
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    On Hillgrove a South Aussie battler. I've been in it before about the time of the previous Cu boom. Lachlan Wallace the CEO, was in my MSc Mineral Economics classes. He was working for HGO then but became CEO about 2 years later, so been CEO for the best part of 8 years. Like most Cu miners, they battled with the Cu price going weak. They have revamped and I am hugely happy for him having brought HGO through. They have enough resources to do really well when Cu kicks. The benefit for them of getting back onto production before that. I don't hold it.
    RXM is my preferred because of the upside of the risk/return I'm targeting. I think that's how you see it too.

    PS my Cu investment in that Class is A1M.

    Cheers
    As
 
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