100% agreed. From personal experience I think it’s hard doing...

100% agreed. From personal experience I think it’s hard doing business with Chinese but that’s beside the point. They said that they needed the money to do x and then then did none of that. If x was not a good course of action why go ask (and the get) shareholders money (at massive discount) to do it in the first place? You have to remember that these were preceded by many more badly timed capital raisings (because once again they spent all of the $300m we gave them before even getting the feasibility study). Each time they said they would do something awesome with the money but once they got the $ we didn’t hear anything until the next capital raising.

I take the point that they have been pretty active in the last year or so. But my point remains: long history of broken promises made the market very cautious of believing Rex can deliver. I personally think the quality of the assets overweights that. But that’s just me.