RXM 1.06% 46.5¢ rex minerals limited

Nearly $1 billion capex was always going to kill this one, I...

  1. 2,420 Posts.
    Nearly $1 billion capex was always going to kill this one, I thought about buying it, but this is going to be a BIG stretch to get up without a huge dilution, even with a white knight.
    I do like their position and exploration ground, they have some exciting prospects-but what is the matter here?, the new ceo has been out and about promoting since he arrived, but at these grades-this may turn out to be a long haul project, in this climate it won't happen easily.
 
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