FEX 1.89% 26.0¢ fenix resources ltd

Fair enough - and I honestly would hope so too, but let’s think...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 2,837 Posts.
    lightbulb Created with Sketch. 257
    Fair enough - and I honestly would hope so too, but let’s think if it this way; they’ve already commenced site works, which is ahead of schedule.
    They’re fully funded.
    They have all their permits.
    And when the FS was done, Fe wasn’t trading anywhere as high as it is now.
    Yet, we’re barely able to keep support at 12c.
    Barely able to justify a $45mil mc!

    So, what does that tell you?
    How can we be trading lower than we were when we were still waiting on permits and Fe price was lower?

    How does it rerate from here all the way to 30-40c when all we have left is offtake news?

    It just seems all too far fetched imo.


    Last edited by Mr Hamilton: 07/10/20
 
watchlist Created with Sketch. Add FEX (ASX) to my watchlist
(20min delay)
Last
26.0¢
Change
-0.005(1.89%)
Mkt cap ! $187.3M
Open High Low Value Volume
26.0¢ 26.5¢ 26.0¢ $356.8K 1.372M

Buyers (Bids)

No. Vol. Price($)
12 442885 26.0¢
 

Sellers (Offers)

Price($) Vol. No.
26.5¢ 231153 5
View Market Depth
Last trade - 16.10pm 14/11/2024 (20 minute delay) ?
FEX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.