Price of Iron Ore, page-1776

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bookarelli

233 Posts.

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11/09/24

05:28

Post #: 75618382
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Originally posted by Clybigz: ↑

Yes, correct.

I expected 2c whilst hoping for much higher.

No, I don’t/did not expect that drop (3-5c). I expected a drop but albeit temporary given the whole expansion/growth story & the fact that Fenix had just very recently traded at all time highs.

You think the dividend alone, as in literally just that, can’t account for the drop? Well, that’s obviously correct.
But I’m maintaining it’s what withholding the dividend represents that then results in the escalation of the falling SP.

The very thing that is leading investors like myself into either holding or buying into Fenix is no longer being offered. So investors that specifically may not be as unfortunate as myself to have bought in at such a higher price than what’s currently being traded are deciding to invest elsewhere in search of that very thing.

So no, I vehemently disagree it’s not more complex than just the dividend.

And I can’t speak for what people expected, but I very highly doubt that people would’ve expected 0.0525 or greater.

However, and this is the part that seems to continually be getting lost on you, they clearly would have been expecting something though because he never gave the indication that NOTHING was forthcoming. It was actually the contrary.

And some of us would go on to suggest that that was deliberate.

I’m sorry but I have to say I am still sincerely baffled at how you can genuinely look at Fenix only 6 weeks ago when it was trading above 40c, for at least an entire week, and then some 3 weeks thereafter it’s all the way back down to today’s price and still be convinced that that’s largely to do with the iron ore price even though that’s only fluctuated between around 104 and 94 USD - none of that correlates in any meaningful sense whatsoever imo.

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Excellent summary of events, Clybigz.

FEX Price at posting: 25.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 25.0¢		Change 0.000(0.00%)		Mkt cap ! $180.1M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
4	25968	25.0¢

Sellers (Offers)

Price($)	Vol.	No.
25.0¢	172494	5

View Market Depth

No.	Vol.	Price($)
4	25968	0.250
1	22000	0.245
28	439632	0.240
7	198807	0.235
13	1219676	0.230

Price($)	Vol.	No.
0.250	166002	4
0.255	77863	3
0.260	196322	4
0.265	96006	4
0.270	133110	2

Last trade - 09.59am 11/09/2024 (20 minute delay)

FEX (ASX) Chart

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Price of Iron Ore, page-1776

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Price of Iron Ore, page-1776

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