My broker has sent me the following note, but For the record I dont intent to sell. I may well take a punt on his recommendations though. "Most the management team that has steered Felix to its recent highs have left the company and gone to pastures new. With this in mind we have been advising clients to reduce their holdings in Felix, by half. We have been advising clients to split the proceeds between two mining companies:
Norton Gold Fields is an Australian listed company, and is the new vehicle for the former management team of Felix - we're following the talent in effect.
Zambezi Resources has a listing both in the UK and Australia. W H Ireland brought this company to the stock market a few years a go as a start-up exploration company looking to prospect in the copper-belt of Zambia. The company has been successful in finding reserves of copper, nickel, gold and uranium. The company has recently formed a joint venture partnership with Rio Tinto, securing the company's funding requirements for some time."
FLX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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