FXR fox resources limited

- what goes up must come down.The recent one day surge in this...

  1. 4 Posts.
    - what goes up must come down.

    The recent one day surge in this stock, has quickly petered away. Also concerning is that this stock was at all-time lows and the move up was unable to be sustain to any extent.
    the recent announcemnets (in Fox's case it was a deluge) has had no effect on the sentiment of this stock - which is justifiably poor - and with Fox renowned for procrastination, what will cause a change in sentiment?

    Questions need to be asked about the cash position of this stock; specifically how long is Chairman Steeter willing to pour in millions each quarter? is it a perpetual arrangement?
    It's about time that management came out with strong statements, and realise that shareholder confidence will only be regained when uncertainty is removed.
 
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