FEX 2.50% 39.0¢ fenix resources ltd

Ann: Quarterly Activities Report, page-47

  1. 1,218 Posts.
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    No DRP available MrM, I was paid the first 2 X 5.25c but sold prior the last 2c and was not offered DRP.

    I'm not sure they'll pay 3-4c if they are bringing Shine and Bebyn W11 online over the next 6-12 months.

    Those Volvos are capital intensive and if both the new resources are tapped, will require some cash to buy more unless use debt. This is the reason why IMO we should be using Rail wherever possible.

    Hopefully the twin peaks contract is extended as that's a good money spinner with low risk.

    my bet is another 2c, but I hope I'm wrong.
    Last edited by MuppetPastor: 21/04/24
 
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