FEX 3.57% 27.0¢ fenix resources ltd

FEX Valuation, page-647

  1. 2,338 Posts.
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    *Sigh*

    Again.

    The CCP is enforcing a deleveraging of the property development market.

    These developers have access debt as a means of maintaining liquidity.

    That tap has been turned off.

    Hence we have arrived with a DOA Evergrande, with many more to follow.

    Construction slows, demand for commodities linked to construction suffer.
 
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