J Clark im sorry to hear of your predicament. I myself took a 35% loss.
Perhaps a slow retreat from this stock would be best.
The biggest hurdle you have is the end of year results which are out end of september.
If these arent to bad or exceed expectations they could bounce a little.
The iron ore fly over with helicopter results should be out asap however if they are a non event we will not see them until they are added as a small add-on to a better news story.
As for the low price and true worth of fox, it was obviously over - priced when 1.90. There are several companies out there that have world class plays and are market pinnups that you can get involved in.
My advice is a slow retreat and spread your portfolio in the future so as not to be so reliant on one stock. I think a lot of fox shareholders are guilty of this including me when i held them.
good luck.
FXR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
