are you kidding?? this thing is going to sub-10c!! and quite possibly by xmas!!
They have nothing. Hillside is effectively worth nothing. In fact, its worth negative however much they have spent!
Their market cap will go to less than cash backing with no prospects for the future. Honestly, i've been in this situation before and 25c now is far FAR better than 5c in 2 years' time. these guys are toast. they have misled investors and lost absolutely all credibility. my only dissapointment is noting that the CFD providers are not allowing stock borrowing on this for short selling. its always a sure sign of a market trend when the market-makers block you from backing one side of the trade. Happened with AVB on the long side too.
Rex Minerals, as it stands today, have $20 odd mil in cash and no viable project or prospects for cashflow for the foreseeable future. Their cash balance will dwindle and their share price will continue to get pummelled.
RXM Price at posting:
25.0¢ Sentiment: Sell Disclosure: Not Held
