FEX 0.00% 32.0¢ fenix resources ltd

Ann: Quarterly Cashflow Report, page-17

  1. 1,153 Posts.
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    I'm no accountant but assume the $7 million for property, plant etc is a one off, though we may continue to spend some money on similar. The $21 million from operating activities is pretty much in line with expectations but now the runs are on the board so I'd imagine the S.P. can stay north of 30c. No reason we won't do 6 shipments this quarter and if IO prices stay firm we could exceed 25 million net and have 50 million in the bank. I'm happy to hold and consider it a buy at these prices. Nice work team and I enjoy reading many of the informative posts.
 
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