FEX 0.00% 37.5¢ fenix resources ltd

Ann: Fenix completes first shipment from Twin Peaks, page-5

  1. 442 Posts.
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    Well I think that shipment will add up to a million profit (before tax). Also we need to remember that another 1 million will be added from a repayment of the 5 million dollar loan.

    So the bank balance ahould increase somewhere in the 1.5 to 2 million aud.

    I am sure as we come up to July or August time the punters will come back into the company expecting a dividend announcement.

    My feeling is if IO prices stay in this 110 to 120 per tonne I am think 3.0 to 3.5 cents is definately possible if they pay over 40% of the profits.

    I looked at the number of issed shares. 1 cent dividend equals just under 7 million aud after tax profit.

    So a 21 million aud dividend is definately doable.

    Our first half profit after tax was around 22 to 23million.



 
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