FXR 0.00% 0.2¢ fox resources limited

Yeah - they said initially when getting the De Beers tennemants...

  1. 886 Posts.
    Yeah - they said initially when getting the De Beers tennemants that they had the possibility of Uranium. Think they mentioned that during the big Uranium company boom, and when the Share Price was at least double what they have now.

    Looking at their tennemant sizes (including De Beers) they really are only scrapping the surface of the possibilities that it could contain.

    However exploration costs money, and at the money I can't see where they will get it from which is always a risk with me. At least until they can start production.

    Anyone look at their presentation? Acid Leaching could take up to 6-12ths to get the offtake out. That's great, but meanwhile they will need money from somewhere to manage that. Maybe they can sell their Iron Ore, and actually use that money to get Copper/Zinc/Nickel back up and running!

    Anyway - still concerned about that clause referring to reverse takeover or something like that in the resolutions. Might know some more on that in the next 6mths.
 
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