Future For Rex Minerals, page-52

Rex Minerals Limited (RXM) floated on the Australian Securities Exchange (ASX) on Thursday, 20 September 2007. The company opened its first day of trading with a share price of $0.30 which was up 20% from its offer price of $0.25 per share.RXM's current share price of $0.15 is a -$0.10 or 40% discount to its original offer price of $0.25.
From a major copper discovery in 2009 just on 15 years ago what have they got to show for all the cash that they have raised to get Hillside up an running. 6/3/09 $5.6m , 22/5/09 $5.6m , 21/10/09 $4.0m ,26/10/09 $42.0m , 13/10/10 $85.0m , 3/4/12 $42.00 , 5/3/14 $12.6m , 22/4/14 $1.4m ,
7/6/18 $5.0m , 25/7/18 $3.4m , 21/2/20 $4.4m , 3/9/20 $10.0 , 23/4/21 $9.5m , 4/8/21 $50.00m , 10/8/23 $8.0m . $288.5 raised over a 14 year period so averaging $20,600,000.00 per annum . The amazing part of the capital raises was $169M in a two and a half year window. What also amazes me is what reward have the people recieved for supplying the cash to Rex Minerals but they keep on doing it at the next CR .
I have had plenty of opportunities to cut my losses but I had some glimmer of hope that Rex board were serious about putting Rex into prtoduction . At this rate they have buckleys.