Yes their prior reports had price targets over 40c. All their reports are available at the Fenix website
https://fenixresources.com.au/category/research/
IMO the falling SP is correlated to the IO price and probably more so to the third party contracts with CUFE & Gold valley who at sub US$100 are probably looking at C&M.
Price of Iron Ore, page-1764
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Last
25.0¢ |
Change
-0.010(3.85%) |
Mkt cap ! $180.1M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.3¢ | 25.0¢ | $497.3K | 1.960M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 20017 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 30000 | 2 |
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| FEX (ASX) Chart |