i have been following and invested in FEX for 3 years now. Was in at 15sen till 40+. Bought back when iron Ore prices went back to US$140 AND upon learning about new chairman buying (through loan) 10M shares at 23 sen last month. I really like how they manage this first project and encourage potential investors to listen to the recent webinar. They aim to duplicate the operation in the same region. They also aim to find additional ore within their current tenement as well as next door (Scorpion Minerals) through an upcoming drilling campaign. FEX managed to keep output constant unlike BHP, Rio and Vale ( down 8 to 10%) last Q.
Right now FEX is minting money and a re test of the all time high is not to be excluded. Always keep an eye on the iron Ore prices of course. To note, the final price FEX gets for its ore is one month after shipments are made. There should be a very nice dividend by August if IO prices dont decrease too much from current levels till June.
i have been following and invested in FEX for 3 years now. Was...
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Last
29.0¢ |
Change
0.010(3.57%) |
Mkt cap ! $201.4M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 29.0¢ | 28.0¢ | $139.0K | 488.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 243669 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 320181 | 15 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
28.8¢ |
Change
0.010 ( 1.77 %) |
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| Open | High | Low | Volume | ||
| 28.3¢ | 28.8¢ | 28.0¢ | 152817 | ||
| Last updated 15.58pm 03/05/2024 ? | |||||
| FEX (ASX) Chart |