Interesting to see the cash situation at the end of the period (September 22).
According to their last announcement, they had 69 m of net cash at the end of June 2021.
This hedge (which only cover 45 % of the expected production) should provide another 78 m of cash (before tax) for the period Oct 21-Sept 22, if the total cash cost remains around 100 AUD/t.
Just a confirmation that the market cap looks cheap at 194 m.
The main risk I see is for the company to miss its production target.
Ann: Fenix Enters 12-Month Hedging Arrangements, page-16
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Last
27.0¢ |
Change
-0.005(1.82%) |
Mkt cap ! $194.5M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 27.8¢ | 26.0¢ | $479.6K | 1.785M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 124500 | 2 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| FEX (ASX) Chart |