Interesting to see the cash situation at the end of the period (September 22).
According to their last announcement, they had 69 m of net cash at the end of June 2021.
This hedge (which only cover 45 % of the expected production) should provide another 78 m of cash (before tax) for the period Oct 21-Sept 22, if the total cash cost remains around 100 AUD/t.
Just a confirmation that the market cap looks cheap at 194 m.
The main risk I see is for the company to miss its production target.
Ann: Fenix Enters 12-Month Hedging Arrangements, page-16
-
- There are more pages in this discussion • 51 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FEX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
24.5¢ |
Change
-0.010(3.92%) |
Mkt cap ! $176.5M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 26.0¢ | 24.5¢ | $463.6K | 1.846M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 440376 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 426123 | 6 |
View Market Depth
| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| FEX (ASX) Chart |