FXR fox resources limited

fp on fxr

  1. 8,452 Posts.
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    FXR has been slammed by FP - for reasons that have often been highlighted on this forum. For copywrite reasons I cannot post it, however the key points are:

    *Well placed to produce Cu/Ni but..

    *Despite early positive exp. result FXR remains a small producer only

    *Distracted by exploration rather than production & earnings

    *board lacks focus, ill-concieved cap raisings

    * No compelling reason to hold the stock other than a bid by Jinchuan. Recommend sell to 50c

    - Nothing we didn't really already know, eh chaps?
 
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