FEX 0.00% 38.5¢ fenix resources ltd

Ann: Half Yearly Report and Accounts, page-6

  1. 9,883 Posts.
    lightbulb Created with Sketch. 223
    A nice thought Rod, and could be on the money - my personal thinking is that they will be looking very hard to secure the companies future well before starting a dividend distribution - with the amount of money they should have available, they should be able to get the company structured for ~20+year life with quality higher % ore from around their current dig site.

    That is not to say they won't look further afield of course, but they are in a unique position where they are, and it is unlikely other players could replicate their model as easily or cost effectively.

    Cheers

    Cabe

 
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