You may not have noticed that the trucks are already being used to generate revenue outside of Fenix operations, such as through the arrangement with Agrimin, which is definitely going to need haulage for it's project. So any other projects where Fenix Newhall can sell it's haulage services is going to provide more revenue to the company going forward. The trucks are a banger.
Expansion is a no brainer... look at the performance shares, they are tied to increasing the quantities of ore being shipped. if they want the shares, they need to keep increasing sales. It won't happen in one day, these things take time.
My own opinion, not advice.
Ann: Quarterly Activities Report, page-62
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Last
32.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $225.7M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 32.8¢ | 32.0¢ | $235.7K | 731.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 899460 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 293220 | 10 |
View Market Depth
| Last trade - 14.32pm 13/06/2024 (20 minute delay) ? |
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Last
32.0¢ |
Change
0.000 ( 1.54 %) |
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| Open | High | Low | Volume | ||
| 32.5¢ | 32.5¢ | 32.0¢ | 175399 | ||
| Last updated 15.41pm 13/06/2024 ? | |||||
| FEX (ASX) Chart |