FEX 6.58% 40.5¢ fenix resources ltd

Could be right. Yesterday was the 1st time I took a look at...

  1. 1,665 Posts.
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    Could be right. Yesterday was the 1st time I took a look at newhauls website. bar the Fenix / Newhaul JV there isn't a lot more on there. Almost all photos are of Fenix Newhaul trucks and yet FEX still pay them the $200k per month for "management services". I don't really get why it would be cheaper and higher value for shareholders to spend that money directly with a shell corporation rather than deal with it in house. It works out to be around about 2.5% if Fenix Newhauls cost base which is sizeable.

    www.newhaul.com.au
    Last edited by mrposhman: 14/03/23
 
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