FEX 2.50% 39.0¢ fenix resources ltd

Ann: Iron Ridge reaches steady-state production, page-100

  1. 718 Posts.
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    Rooks and Ace,
    I most definately hope your EBITDA figures are right over
    mine, I’ve just been burned once too many times in other situations, hence my lower figures (mar 4C $17-23m ebitda).
    If FEX keeps the current trajectory and keeps kicking goals like they have been, we’re all going to do very well.
    Having received some info/opinions from other boards and stocks, if we’re the real deal we will rerate well, but may take longer than I would’ve liked.
    Hopefully these goals will be ticked off faster, but IMO I’m adjusting 50c target after June 4C, and 80c after December 4C. Hopefully I’m pleasantly surprised and wrong.
    A definitive policy/announcement regarding dividends and/or expansion would help achieve this faster.
 
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