FEX 2.60% 39.5¢ fenix resources ltd

These guys have 1 cent per share cash ($2.2 mill into 220 mill...

  1. 353 Posts.
    These guys have 1 cent per share cash ($2.2 mill into 220 mill shares).

    They placed money at 1.3 cents in July 2013 to fund exploration ($260K).

    June 2013 they were looking for "mineral resource opportunities ..."

    In late 2011 they raised at 3 cents ($2.8mill) to bring them to 204mill shares (say Jan 2012)

    Cash total $3.6 mill at Jan 2012 or 1.75 cents per share cash

    Spent $1.6 mill in 3.5 years since raising money.

    Time to do something.
 
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