FXR 0.00% 0.2¢ fox resources limited

Ann: Quarterly Activities and Cashflow Report , page-8

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  1. 377 Posts.
    Two options really. Squeeze out the small guys, which is what everyone always hopes is the case, to tighten the register, so the bigger guys have more say and power.

    As opposed to that,

    it is being sold down because a cap raising is coming and new blood funding the heap leach wants a hefty return on outlay. That means they want 8 cents if not way less, in the current market. Just imagine raising $25m when your market cap is $32m. Not impossible, but has the Fox turned a profit yet since it listed. NO.

    Hope I am wrong for holders. I did hold but got worried.
 
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