I have been a holder of Rex Minerals for a long time now and it only seems like yesterday many excited shareholders read this ASX Release. ASX Media Release 21/Jan/08 "COPPER MINERALISATION INTERSECTED AT HILLSIDE PROJECT SOUTH AUSTRALIA" Six (6) years later and you would think that this project would be more advanced than it is .It has been a long time from the initial discovery . Why cant REX directors support this stock a little bit more than they seem to be doing. The top 20 shareholders are seemingly happy with the multiple capital raising over the 6 years starting when the share price was $2.50 and now to its current level of $0.32 .After the last capital raising at 40 cents I thought there would be a resistance level at that price but alas down she goes even further. It was a great opportunity to average out but if there is no future at Hillside then that has been a futile exercise as well. I just hope that Management realise that they cant stretch this out too much more and start to promote themselves.
RXM Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held
