FXR 0.00% 0.2¢ fox resources limited

resistance at 16c gone, page-3

  1. 886 Posts.
    "what does it need to get re rated here."

    How long is a piece of string.... Heres's a few things I can think of:
    1. Sale of Iron Ore Tennemants for a decent amount of cash, or even farm in (so as not to cost Fox more)
    2. Restarting of profitable production at Whundo et al (this should be the main one as it is cash-flow related
    3. Change of management (getting some decent managers in)
    4. Discovery of 100g/t gold in one of their leases (thought I'd throw that one in for fun)
    5. Discovery of any other 'massive' mineral find that beats anything found in Australia. (extremely unlikely)

    Till any of the above happen can't see much movement.

    *Note sentiment still a buy for me based on their tennemants and prospects. But definately a LT buy.


 
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