Ann: Fenix adds to iron ore hedging cover, page-35

When I posted above about the non-disclosure, that was in relation to the Whitehaven acquisition.

Fenix have disclosed the details of the investment, and the proof is in the income statement where it shows it as EPS dilutive (without taking into account the $7.5m paid in cash). The interims show this and I've previously shown the figures.

Yes it may come good but usually when I buy an investment I don't buy it knowing its immediately worse off and maybe in the future it will be beneficial. Thats where this 1 comes in.