The problem of REX: to less moneyGuess the problem of REX is the money situation. A nexplorer in that grassroot stage is very fast out of money. REX has the whole way in front. Before 2008 this would been not such a big problem but the financial market is ruined especially for explorers. The institutionals are playing a dirty game and in fact of that there is no organic accretion possible.
So REX has 2 possibilities:
1. A Joint Venture with a solvent partner, but then this stock should be worth the half!
2. Further private placements to ruinous prices with much, very much dilution for existing shareholder.
Herb, what way will REX go?
You say REX has more potential than Orko? - I say only for the blind which will pay the bill in short term.
One thing is clear, if someone want to invest, then now and not in the range beyond .20 or .25!
do your own DD ;)