FEX 3.80% 38.0¢ fenix resources ltd

Ann: Port access secured at Geraldton Port, page-78

  1. 996 Posts.
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    Securing the port will give a honeymoon period over Christmas so doubt it will drop much below 18c, they'll have to break up the road trains out of gero to go to Port, I would expect 90ton loads. I would say it's a buy and a sp run after first loads dropped off but it will get a rerate sp - few wks after until the $ are known. I would expect 36c when the trucks first roll. Jmo
 
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