RXM rex minerals limited

Just over a year ago , September 2013 Rex Minerals was removed...

  1. 900 Posts.
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    Just over a year ago , September 2013 Rex Minerals was removed from the ASX 200 list.
    At that time the forum were writing that it would be readmitted once they had a price
    recovery and it was only a temporary thing . Time has proven that it has not been a temporary
    thing and the price has fallen ever since. At the present Market Capital of $32m less cash in
    bank $15m Hillside is worth $17m. The present $15m in the bank should not last too long now
    at the rate they burn the cash. The Directors must have a fair idea if there is a future for Rex Minerals
    and they should come out now with some announcement to settle this debacle and stop the price
    slide further .Most of the loyal investors and top 20 share holders deserve some loyalty as well
    from the board. It has been some time now since the Government approved the Mining Licence
    and still nothing . It would be nice to see something positive from the Rex Minerals Directors one
    way or the other.
 
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