RXM 0.00% 45.0¢ rex minerals limited

Hog Ranch must be a Winner, page-16

  1. 143 Posts.
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    100% agree with your sentiment about copper and gold. That's my reason (excuse?) to keep buying in. The problem to me is not the asset itself, but the execution by the management. We were promised a very different project in 2010/11, the again something totally different in 2014, then something else again in 2018. To my knowledge, they have not delivered on anything that they have promised, whilst burning through a literal mountain of shareholders' funds. There are obviously 2 explanations for this. Either the market was not in their favour since 2010 and they are shifting to adjust to the market conditions, or they are not great at what they are doing and cant deliver on their promises... for our sake I really hope it is the former, no the latter.
 
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