FEX 0.00% 32.0¢ fenix resources ltd

Although I appreciate the frustration, I think its also...

  1. 229 Posts.
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    Although I appreciate the frustration, I think its also important to remember that the deals that are being looked at and rejected behind the scenes are probably even more important than any deals that do wind up being done. I'm definitely in the camp of being very careful about jumping into any new projects for the sake of having a new project, just look what happened with AMI and their Dargues acquisition! That whole company now valued less than the cash they spent on the acquisition despite already sitting on one of the better deposit discoveries of recent times. FEX have something that works and is highly cash accretive, keep it going and snap up opportunities only IF they become available, otherwise look into what can be accomplished organically.
 
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