Ann: Quarterly Activities Report, page-131

@wassa
Well when you put a hedge in place - i guess that what you are saying is you are confident of delivering (product grade + amount). Thus all the messaging around the hedge covering the cost base (understanding that the final hedge receipt comes in Jan)

Were you expecting a dividend? I imagine a lot of folks bought in to the story of 50-80% of after tax earnings to be returned in div. Do you think we will get a divy by the end of CY 22 (surely we will have franking credits) or will maybe unexpected price adjustments go against us again or will we be expanding through acquisition by depleting our capital pool sufficiently enough to postpone dividends?
I got in very early to FEX (so still very green for me) but the story is changing and investors don't much like "unexpected" shocks, Thus the sell down, timing right in the general equities sell off which anyone can see. Is it a plan to boost the March quarterly numbers to seem amazing...? Management is not being held accountable right now, and if you have spare cash waiting on the side, it's a great opportunity maybe/maybe not, if you are set, then management has failed to protect the value of the company via its SP drop-off. Remember Rob did get a house out of this.

"The Directors are also pleased to announce the adoption of a dividend policy which provides that, to
the extent that dividends can be fully franked, Fenix will distribute between 50% and 80% of aftertax earnings to shareholders in the form of dividends, either annually or semi-annually"

@mrposhman FEX didn't have a hedge in place for the June qtr fines.