Not sure that comparison between Fenix and Facebook is relevant? Or that Fenix is representative of all Australian stocks v all US stocks.
However, I agree with you. I am also disappointed the share price has not risen and risen and risen.
From a trader perspective you are 100% correct - We should have all sold at 36c and bought back in at 21c.
Fenix is a well run small scale iron ore miner that makes good money and pays it out as a big annual dividend.
The patience you ask for is the requirement to see what the BoD can deliver to make the share price go up from here. Needs a growth transaction or more ore inventory or production expansion or another major cost reduction. I have been expecting this for months and yet nada.
We are all still waiting. And losing patience!!
J9
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FEX Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
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