Ann: Port access secured at Geraldton Port, page-73

Further context on todays volume significance:

Fridays session = 26.9M Volume traded between 21c and 24c for the entire session

Today in the first 2 hours of trade alone = 20.5M Volume traded between 21c and 24c.


This is a great consolidation. Usually following such a surge in stock price (+50% in 2 weeks), you see a share price drop back day/day before climbing further. Here we have FEX sitting flat/in the green day over day on mass volume.

This registry is turning over at these levels very quickly, forming an extremely strong new price floor in the low to mid 20s as we lead into our first shipment of IO.

What happens when the selling exhausts and the buying interest remains? Add some major FA catalysts in there with first revenue announcements and further news flow + a hopefully stable IO price, FEX will continue its rerate towards 30c.