Might be a controversial view in this thread but I don't think that long term we have a sustainable business at current production cost. I'm invested in FEX based on the cash flow from a short term (3-24 mth, would love to have a crystal ball) elevated iron ore price. As other here, I've been in the middle of the 2011/2012 which almost took out FMG and shut down the drilling company I was working for then. I see the opportunity for Fenix in building bulk cash in a short time and then exploring / partnering / buying into other opportunities. I believe other have the same view which might explain the share price. Any demonstration of reduction in AISC relative to the latest reported number will go a long way in driving up value. For full disclosure, I bought more shares today as I think FEX is undervalued.
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Last
28.0¢ |
Change
0.010(3.70%) |
Mkt cap ! $201.7M |
Open | High | Low | Value | Volume |
27.5¢ | 28.5¢ | 27.3¢ | $342.6K | 1.221M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 212408 | 27.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.0¢ | 18176 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 14545 | 0.275 |
9 | 397937 | 0.270 |
6 | 394513 | 0.265 |
9 | 575847 | 0.260 |
6 | 245000 | 0.255 |
Price($) | Vol. | No. |
---|---|---|
0.280 | 18176 | 2 |
0.285 | 84000 | 2 |
0.290 | 688694 | 8 |
0.295 | 59491 | 3 |
0.300 | 260258 | 8 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
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FEX (ASX) Chart |