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FXR - Fox Resources

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Re: Fox Resources FXR FXROA

blackdog
i agree with you
don't trust any of them

ryan and miller were together in the tech days of rrs where all the shareholders got burnt
i think matich [from memory] sold all or most of his shares around 5.5c before he left and a day or two before the sp plummetted

regards croc
 
Re: Fox Resources FXR FXROA

blackdogbarking

I know Perth's business community is a very small place, but I'd always hoped that the internet was our little window to the real world where the whole city didn't know something in the time it takes you to put the phone down.

The speed in which you found the post, registered and replied was horrifically fast.
 
Re: Fox Resources FXR FXROA

Thanks for the website - potentially an important extra piece in the jigsaw puzzle.
 
Re: Fox Resources FXR FXROA

Looks like FXR is settling in to this recent price range, must be waiting on extent of drilling results, still some time to go though as they have just started. FXROA is slowly creeping up, at these prices every cent is a solid rise.
 
Re: Fox Resources FXR FXROA

Another great result today following on last months anncts, this needs to continue for the risk profile to diminsh siginificantly and for the sp to break through the short term resistance. The Nickel price is testing resistance too, if it all comes together at once FXR will be a real goer as it is already in production. The Ruth Well results are the key to contnued production, this month will hopefully see quite a few anncts as a result. The spread has narrowed in FXROA recently so things are settling down in terms of liquidity too.

Co Annct:
6 April 2005

SPECTACULAR DRILL INTERSECTION AT RUTH WELL

Fox Resources Limited (“Fox”) is pleased to announce a spectacular drill intersection of massive nickel sulphides in the first pass drill program of the newly acquired Ruth Well Mining Lease tenements (refer Table 1);

• 4 metres @ 5.9% Nickel, 8.1% Copper, 0.2% Cobalt from 50 metres;
RWRC210,
• including 1 metre @ 9.5% Nickel, 10.3% Copper, 0.3% Cobalt from 53
metres.

This high grade mineralisation is only 50 metres from surface and has the
potential to significantly increase the mine life of the Radio Hill mining operations.

The ore from Ruth Well would be carted to the Radio Hill treatment plant located only 13 kilometres away.

These nickel and copper grades at Ruth Well have substantially higher tenor
compared to Radio Hill, where the current mill feed is 2% nickel and 1.5%
copper.

A first pass Electromagnetic (“EM”) survey has now been completed at Ruth Well and a number of anomalies have been identified.

Drill testing of these EM anomalies and further drilling of the high grade
mineralisation at Ruth Well will commence later this month, targeting massive
nickel sulphide ore.

The drill rig is currently drilling massive nickel sulphide targets at Radio Hill. The exploration program is consistent with Fox’s strategy of aggressively exploring for massive nickel sulphides within the Radio Hill Nickel Province....
Click to expand...
 
Re: Fox Resources FXR FXROA

Fox in a trading halt since Thursday evening, annct due by this Tuesday the latest. Anyone know what it is? Nickel price seems to be having another go at testing long term resistance.

I wonder if they are about to confirm a big find as the last annct was very positive. They need to convince the market that there is enough for long term mining and that it is economically viable. Results so far are positive with high grades and more drilling to come.

On the negative side it could be mechanical difficulties or very poor results or some sort of corporate activity or info on the bfs. Who knows?? Whatever it is the sp is in a very sensitive position, it's just waiting for a trigger to go eitherway quickly imo.

This is a chart of Nickel showing the support at 7.15 for the current top- about to break through?? or will it fail and retrace??
 

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Re: Fox Resources FXR FXROA

The annct is out, good news, planning to buy into iro ore, up 10% on the news. See anncts for more info. Still stuck below 55c but that spread is widening so maybe it'll go through, dilution is the problem now, I don't know the maths for it to know if it should go up or down in theory. Most people will know about the annct by Tuesday. IMO the current drilling results are more important in the short term as that would make the iron ore a big bonus. It certainly reduces th risk profile of the co but we have to wait on the bfs. This gives Fox a new lease on life beyond Nickel alone. Once iron ore becomes fashionable again this year I expect a reratings, all turns on the iron ore bfs.
 
Re: Fox Resources FXR FXROA

These questions need to be answered....
1. Who vended Mt Anketel into FXR?
2. Who previously owned these tenements?
3. How's the Nickel resources holding out in FXR?
(it's last 'company maker' deal)

more..
 
Re: Fox Resources FXR FXROA

I appreciate you love the drama (and the extra hits to your website I bet), but please post the information here rather than linking to your own site.
 
Re: Fox Resources FXR FXROA

Details of the five simple steps to turn $0 into $20,000,000 in shares and cash.
The main two players being Brett Matich and Mik "MANY NAMES".

These two first became "totally welded at the hip" when they spent months together facing "drug running charges" of a very serious nature - of which they were found not guilty.

Since these exciting times the Matich team of Paul and Brett along with Mik "MANY NAMES" have controlled, by directorship and/or mind control, many A.S.X. listed companies including, but not restricted to, ACCLAIM, AZTEC, FOX, RANGE to name just a few. All were involved in the failed YANDAL float with their close friend Michael James Giovinazzo, who copped 18 years porridge for punting away the seed capital.

Also note, Matthew Lewis, a former director of Range Resources Ltd, an appointee of Mik "MANY NAMES", has re-surfaced in this latest "little number".

more
 
Re: Fox Resources FXR FXROA

blackdogsbarking said:
Details of the five simple steps to turn $0 into $20,000,000 in shares and cash.
The main two players being Brett Matich and Mik "MANY NAMES".

These two first became "totally welded at the hip" when they spent months together facing "drug running charges" of a very serious nature - of which they were found not guilty.

Since these exciting times the Matich team of Paul and Brett along with Mik "MANY NAMES" have controlled, by directorship and/or mind control, many A.S.X. listed companies including, but not restricted to, ACCLAIM, AZTEC, FOX, RANGE to name just a few. All were involved in the failed YANDAL float with their close friend Michael James Giovinazzo, who copped 18 years porridge for punting away the seed capital.

Also note, Matthew Lewis, a former director of Range Resources Ltd, an appointee of Mik "MANY NAMES", has re-surfaced in this latest "little number".

more
Click to expand...

BDB,

Thanks for posting a bit more than you usually do, in fact there seem to be lots of docs on your site on FXR (instead of the usual small blurb), interesting links you show between various parties, not sure how many deals were really at arms length, it's a cosy club out West!

I'm no longer in FXR due to the crazy change of direction, still think there may be more news to come but it's not worth the risk anymore, so much dilution over the last year is no good.
 
Re: Fox Resources FXR FXROA

Damm good results announced today. High grade - stuff you would be happy to sink a shaft to get to - but near the surface, open cuttable.

However, management credibility is close to #1 on my list. From what BDB says, I don't think I will buy.
 
9 February 2006
Fox pays off debt and ships $4m in nickel and copper

Source: Press Release

Australian Fox Resources Ltd. repays remaining $2 million project debt to Societe Generale and becomes debt free

17th shipment to Jinchuan Ltd in China: Radio Hill nickel concentrate (2,657 wmt @ 9.0% nickel) and copper concentrate (877 wmt @ 27.5% copper) left Dampier on 3 February 2006 with an estimated sales value of AUD$4 million.

All nickel and copper shipped is now unhedged, capitalising on a high current spot price of approximately AUD$20,000 per tonne nickel and AUD$6,700 per tonne copper.
Radio Hill mine operations update

Operations were disrupted for a total of four days in January 2006 due to cyclones Clare and Daryl affecting the Karratha and Pilbara region. In spite of this, Radio Hill maintained solid production to ship nickel and copper concentrates equivalent to an estimated sales value of $4 million.

Fox secures tertiary impact crusher to upgrade the Radio Hill processing plant from 26tph to 50tph

It is anticipated that installation will be completed by the end of March 2006. The installation of this tertiary crusher and the expansion of the copper flotation circuit will improve copper recovery and increase ore tonnes processed thereby increasing metal output at a time of high nickel and copper commodity prices.
 

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I definately think this is one of the better exposures to record high Copper and Zinc prices, with the Added bonus of Nickel, sorry but rundown is very brief do your own research


Company Has 115m shares (fully diluted) @ 40cents = $45m approx (Options are way out of the money for now)

Has gone from $2m in debt to completely debt free in past few months, is making regular shipments to China with Gross values of between $3m - $4m (has offtake/direct supple agreements with Chinese Company) Is cash flow positive but difficult to put a dollar amount on it, due to very poor disclosure (Risk ??? )

Has good mine life reserves, is installing new crusher to upgrade output,

Is about to start production from 'Whundo Copper Project' JORC 900K t @ 25 Cu + 1.4% Zn, will also be a DSO operation to same Chinese Company


Added to this Chart suggests once stock breaks above 40cents its headed towards 55cent level



I liked it so I bought a few weeks back

Happy investing
 
West Whundho Copper + Zinc drilling continues to deliver as expected,

Stock appears to have broken above 40cents, thus forming new base/support level, next target 55cents?


Surely someone else follows this stock
 
Anyone else see FXR's close to the week?

Chart looks very good indeed, not to mention its fundamentals, can't wait to see share price when zinc production starts

Happy Investing
 
I have been looking at this for a couple of weeks. Good potential and the T/A guys would probably say there is a good trend developing.

Anyway I have placed my buy bid for Monday.
 
I use fundamental analysis to select which stock to buy and tech on what price to buy (or when to sell at) however my tech analysis is weak and so I would like some charters to comment on a chart, nothing too complicated (ie no fibonachi or any of that) just a brief view?

Thanks in advance

(I already hold FXR)
 

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