... and Rex itself declined to comment. “Given Rex is a public company, we do not respond to press or market *rumours or speculation,” a spokesman said.
Another heapin' helpin' of that good old Rex arrogance! Given Rex is a public company, they have an
obligation under S.674 of the
Corporations Act 2001 to disclose to the market any information that would reasonably be expected to have a material effect on the price or value of the company.
... Rex posted a loss of $16.5m for the half to December 2022. Its latest results weren’t quite as fugly – a $3.2m loss for the half to December 2023
It would be great if reporters commenting on financial matters could properly interpret financial reports. Rex's H1FY24 operating results were manifestly worse than H1FY24.