iron ore is priced above its average now. I like the idea of capitalising on current prices, Fenix appears to be doing that. Cash up now and invest/diversify and then insure longevity. 4 years is enough time for JW to find some more high grade ore. It’s an aggressive approach but for a company with cash on hand like fenix, it’s the right one in my opinion.
There is obviously announcements coming regarding Fenix’s current investment's, but I also expect to see more.
Ann: New $70 Million Haulage and Logistics Contract, page-22
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Last
39.0¢ |
Change
-0.010(2.50%) |
Mkt cap ! $270.9M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 40.0¢ | 38.0¢ | $442.6K | 1.132M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7792 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 408953 | 9 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FEX (ASX) Chart |