FEX 5.77% 27.5¢ fenix resources ltd

FEX Valuation, page-283

  1. 965 Posts.
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    Lots of backing up the truck and wishful thinking around IO price and ‘divis’ on these threads. FEX SP smashed through the 100 MA and is fast approaching the 200MA. Where’s the bottom? Around $0.250 is my guess. And as for ‘divis’, the BOD’s priority is looking after the company not looking after SH’s, so, my guess, the message will be along the lines of ‘BOD thought it prudent to maintain a strong balance sheet over paying’divis’.
 
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