FEX 2.63% 39.0¢ fenix resources ltd

Ann: Fenix acquires Mid-West haulage business, page-8

  1. 3,848 Posts.
    lightbulb Created with Sketch. 540
    Seems fairly expensive
    Paying about $35m for 50% of it. Sounds like a ~3 year payback which isn't too bad at all but no mention of company finanicials, assets... etc.
    When are those trucks gonna need major work done too?

    Old mate getting 90m shares would be laughing though, with FEX approximately 66% cash backed, he's already up an extra ~$15m in cash on those shares alone.
    Last edited by HairyRichard: 21/06/22
 
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