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FEX

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3.51%

27.5¢ fenix resources ltd

Did you listen to the webinar? Might change your mind on your...

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54 Posts.

51

04/03/23

15:06

Post #: 66602277
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Originally posted by precis: ↑

It's too late to do anything about the Newhaul deal, so not much point looking in the rearview mirror. I said at the time I thought it was a bad deal for Fenix shareholders. $18m for half a trucking company (we already owned 50%) with essentially one client, plus tranches of 30 million shares with a dividend immediately payable on the first tranche. You won't convince me that the deal hasn't favoured Newhaul. But like I said, I've parked it and have moved on. I'm still bullish about the next two quarters and the ability of the company to sustain the dividend at it's past levels. It's nice that IO is slowly creeping upwards and also nice that we are getting much higher percentages of lumps and high grade commanding a premium price. With the AUD dropping a few percent v the USD Io is now around $185 AUD and that too is a bonus. Part of H1 IO was $89USD so it's moved a lot in favour of FEX. I'm still thinking Q3 will outperform the entire H1.

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Did you listen to the webinar? Might change your mind on your assessment of the Newhaul deal.

FEX Price at posting: 25.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 27.5¢		Change -0.010(3.51%)		Mkt cap ! $198.1M

Open	High	Low	Value	Volume
28.0¢	28.0¢	27.3¢	$275.4K	999.0K

Buyers (Bids)

No.	Vol.	Price($)
8	121546	27.0¢

Sellers (Offers)

Price($)	Vol.	No.
27.5¢	53072	1

View Market Depth

No.	Vol.	Price($)
8	121546	0.270
7	136709	0.265
12	355205	0.260
16	496089	0.255
26	989419	0.250

Price($)	Vol.	No.
0.275	53072	1
0.280	411366	7
0.285	100999	4
0.290	196496	3
0.295	200290	3

Last trade - 16.10pm 03/09/2024 (20 minute delay)

FEX (ASX) Chart