Unless Streeter starts to focus on FOX, it won't go anywhere. Western Areas (WSA) seems to be his key focus. Why he doesn't roll FOX into WSA (a company that has great management, great resources/infrastructure, great traction & going places) amazes me (give the great FOX mining prospects & lack of all the key management/operational expertise that WSA has).
It's a match made in Heaven (that will also significantly reduce the operational costs of both companies). The only thing that I see stopping such a merger/acquisition (in a time where mergers/acquisitions are ripe, as is demand for resources), is EGO. Hopefully, the directors on both side will be able to put this aside & do a deal that benefits the shareholders of both companies.
IMO
FXR Price at posting:
9.3¢ Sentiment: Hold Disclosure: Held
