Thankyou to the sellers for letting me into FEX. I have been watching for a while and have other people in it but timing was not right in the low 20's for me unfortunately. From what the locals are telling me, the Fenix Newhaul trucks are much more reliable than GWR's contractors (which are broken down everywhere along the Great Northern Hwy and Geraldton - Mt Magnet Road).
The speed at which management got all approvals, NT and permits sorted is a great endorsement of their professionalism IMO. Weld Range is a sensitive area and the challenges would have plentiful. What they do with all the cash generated will hopefully be just as well planned and executed. A JV with SMC to mine and export the nearby W7-W10 Deposits may also be an option past the 6 year mine life.
All IMO, DYOR, GLTAH
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Last
38.5¢ |
Change
-0.020(4.94%) |
Mkt cap ! $267.4M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 40.8¢ | 38.5¢ | $1.126M | 2.841M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 151027 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 201127 | 2 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| FEX (ASX) Chart |