Just thinking where I had seen a picture of Rob hopping out of a truck when researching Fenix Newhaul trucks. thought it was a mineral sand company of some kind. Just looked up S04 to find out what they were into. Mining potash from a lake. A cock up with yields below par. Fortunately for me I have been looking at BCI. Their Mardie Salt plant will be pumping out 170kt of Potash a year from their 4-6mt salt processing plant sun powered and straight onto boats for delivery undercutting any Australian producer and cheaper to transport around Australia as well with a 60 yr plus life from an infinitely renewable resource called the sea. They built a trial plant to prove yields from their ponds and have Super funding. I now understand why funding was delayed initially for them with S04 collapse. Ooops and they collect money from io being shipped via royalty as well paying for progress to date. So if Fenix look at anything the receivers are currently selling unless it's cheap trucks and trailers guess where I'm heading.
DYOR +DYODD Fenix could do well just buying a few shares instead of a director with $2m company cash.I have already.
FEX Price at posting:
27.0¢ Sentiment: None Disclosure: Held
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