FXR 0.00% 0.2¢ fox resources limited

Impressive call earlier on Timbosivic. Strong buying at the...

  1. 48 Posts.
    Impressive call earlier on Timbosivic. Strong buying at the moment, looking for the upward trend to continue hopefully with some strong drilling results with the Mt Oscar resource in the next operational update. The cap raising didn't dilute the company to much, could have been alot worse. jungle creek pty debt have been paid so once again debt free, with some handy cash in the bank. Fox really needs to make the most of its current position, I'd be very let down if in 6 months time we don't have an offtake, no money in the bank and in need of a the second phase of the cap raise. With that many years in the wilderness you'd think they would have educated them selves on past management mistakes. The best possible outcome would be a Jinchuan offtake plant funding. Surely they would have approached them seeing as tho they are part of the board and a major shareholder within the company, Interesting times ahead.
 
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Currently unlisted public company.

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