FEX 3.92% 24.5¢ fenix resources ltd

Ann: Quarterly Activities Report and Appendix 5B , page-2

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    re: Ann: Quarterly Activities Report and Appe... My view:

    This is the best effort to date from the new team in terms of informing holders. Well structured, well worded, it is clear and concise about each project.

    Despite my continued frustrations with this stock over the last 6-12 months, I actually like this update and it reminds me why I continue to hold.

    The management team appear to have now developed a clear picture of the various projects, understood exactly where each one is at right now, and developed a specific plan for each to bring it along in the appropriate manner.

    Cash position is of grave concern and any CR will surely kill the SP, this is the elephant in the room without doubt.

    Can they pull off a JV at Beyondie in time to save our skin?
 
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