Well I have to say I had some guts this morning. Bought around 550,000 FEX shares this morning. Dramatically increasing my share holding to just under a million in total.
The port and transport business is giving me enough confidence that the risk profile of this company is decreasing.
Lets hope we can still get a 3 to 4 cent divi in September 2024.
30 million after tax profit last year gave us a conservative 2 cent dividend. A 40 million after tax profit surely would be 3 cent plus divi.
And if we bottom out IO wise around this 100 USD level then we might still be able to equal or get close to the first half profit from the mine and a few million more from the logistics.
Price of Iron Ore, page-1621
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Last
26.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $190.9M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 26.5¢ | 26.0¢ | $402.3K | 1.532M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 1561063 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 182689 | 7 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| FEX (ASX) Chart |