Its all a matter of perspective I guess. I see a company with potentially significant tenements in Qld and Wa. On the map the Qld lots appear to be located in 'coal country' and close to infrastructure and bordering large and well known coal companies. I see directors buying and a share price that has appreciated since I bought.
The finance issue causes me some concern (refer Gizards post) but at this stage willing to go with the flow.
Guess I'm a glass full kind of guy. At the current price I will certainly have a punt (not advice).
Has been good to me so far.
Dust
FXR Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held