Very well said szaba_the_hut - we need to show them door as it...

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panjeta

282 Posts.

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25/02/15

12:14

Post #: 14815179
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Originally posted by szaba_the_hut ↑

prhb, current "management" are consultants paid handsomely to consult to each other and with no accountability to holders other than themselves. They are probably not particularly concerned till the cash looks like its running out. At this rate it will be a few years off. By then copper price should have bounced and a real mining company might take an interest in this project and make progress on the ground with finance already under control. I have written off RXM as bottom drawer failed investment, decline to zero wont significantly increase my losses so I will hold out for a miracle down the track.

Its my own fault for believing the previous BFS and funding related announcements/predictions made by the cash leaching incompetent management up to this point. These guys are the sort of people that spend all the money (on themselves) then decide they were on the wrong track and completely change the plan at the 11th hour. No BFS = useless, no funding = useless, no resignation = greedy.

RXM got a licence to drive but crashed into the no parking sign as they pulled out of the licence centre. Now they are trying to build a small scooter out of the wreckage of the BMW and we are paying them like they are F1 drivers when in reality they look like they need trainer wheels.

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Very well said szaba_the_hut - we need to show them door as it comes to next AGM

RXM Price at posting: 9.2¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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