Jinchuan poured just under $18m for an equity stake at 95 cents a share 3 years ago with attaching options at $1.20 (since expired).
Once bitten, twice shy? Hmmm, how do you think they could ever recover this cold hard cash?
At 7 cents I would have thought they would come in to pour in a bit more. Seems like they don't have any confidence in the Fox?
This company will always raise funds and from what I know they have pretty much exhausted all exploration options over the last 3 years.
I believe they have nothing, furthermore from what I remember they have very old inefficient equipment. Not even The De Beers tenements seem to have anything of significance.
:)
Nic
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