Ann: Retail Entitlement Offer Results, page-8

The latest Capital raising has helped Rex Minerals survive through the joint venture period until we can find another cashed up partner , Back in 2009 yes 2009 Rex announced a JORC and since then they have had many Capital Raises amounting to $200M with the intentions of going into production .You wonder what they spent their money on It certainly wasn't on going into production or on exploration of the untested much favored tenements they have . So Rex Management have burned hundreds of millions of dollars and nothing to show for it over the last 15 years. I have held from 2008 and I now wonder why . Not sour grapes but wish they would come out and make a positive statement and stick to it.