FEX 1.85% 26.5¢ fenix resources ltd

Ann: Quarterly Activities Report, page-105

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  1. 445 Posts.
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    Taking a big picture view, on purely a cash flow basis for the sic months FEX made 14 mil profit and probably did better on a per ship basis if they were able to report on that way buy don't due to price adjustments and quarterly basis. That’s a dividend of 1-2 cents with IO price having gone up since and shipping costs come down, all with a good hedge in place. I'm already overweight in IO, otherwise think current price represents good value.
 
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