On 28 January 2010 XRF announced that earnings will be down very significantly net profit before tax will be down 82 percent for the half year based on the unaudited management accounts for the 6 months to 31 December 2009.
I honestly can under the above circumstances can see no reason to purchase these shares except the Terry Sweet the CEO is a very good operator and he may in the long term improve the results.
Unfortunately it appears that the Lincon Indicators have incorrectly highlighted this share.
I have sold all my shares in this company prior to the 28 January 2010 announcement based on the prior warning last year.
These are my honest opinions but please always seek professional advise of a sharebroker.
XRF Price at posting:
15.0¢ Sentiment: Sell Disclosure: Not Held
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