AXO aurox resources limited

I've seen hundreds of analyst's reports over the years and they...

  1. 72 Posts.
    I've seen hundreds of analyst's reports over the years and they almost always (9 times of of 10) wrong regarding the target price; often very, very wrong. Still, they always look good and are usually a good source of information on companies such as Aurox who can be a bit mean themselves on divulging information to their shareholders.

    A case in point is the upcoming payment due on the port facility; a few people (myself included) have asked how much they need to come up with by the end of March and the answer's on page 3 of this report:

    "Aurox is committed to a pre-payment of A$12.6m to Port Hedland Port Authority to retain its reservation of de-watering and stockpile capacity at the Port Utah berth by end March 2010."
 
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