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1.85%

27.5¢ fenix resources ltd

Ann: Dividend/Distribution - FEX, page-24

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malvernmoe

1,084 Posts.

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29/08/23

15:54

Post #: 69616463
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Originally posted by precis: ↑

There really is no reason for the share price to drop. Yesterday I wrote an email to a friend saying the net profit before tax would be $35 million which is pretty much the $29.3 million NPAT. The dividend is still a good percentage and there was no way it was going to stay at 5.25cps. The need to finance the new acquisition comes into play, and this still looks a good deal to me. The company has made a move to ensure it continues mining profitably for the next decade, and with the expansion into logistics that dovetails well with our mining exports, I think we are on the right track. I will say that in Q3 when the IO price was around $175AUD/t we obviously did substantially better than when IO was much lower, so a return to a higher price would certainly be welcomed. It's too early to feel disappointed, we just need a steady flow of announcements including continued shipments, progress on Shine to production, and third party contracts won be it transport or port storage leases.

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Would you be able to explain to me why you think the acquisition it’s a good deal to you? What is it specifically about the Shine mine that convinces you it’s a worthwhile purchase?

FEX Price at posting: 26.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 27.5¢		Change 0.005(1.85%)		Mkt cap ! $198.1M

Open	High	Low	Value	Volume
27.0¢	27.5¢	26.5¢	$237.2K	869.0K

Buyers (Bids)

No.	Vol.	Price($)
13	212124	27.0¢

Sellers (Offers)

Price($)	Vol.	No.
27.5¢	55224	7

View Market Depth

No.	Vol.	Price($)
13	212124	0.270
8	263135	0.265
15	592062	0.260
9	276200	0.255
26	579575	0.250

Price($)	Vol.	No.
0.275	55224	7
0.280	348395	10
0.285	306372	7
0.290	217544	7
0.295	162761	5

Last trade - 14.01pm 10/10/2024 (20 minute delay)

FEX (ASX) Chart

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