FEX 3.57% 29.0¢ fenix resources ltd

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  1. 4,757 Posts.
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    Afternoon Ace,

    I stuck to the heinekens last night and then had a couple of glasses of goon bag shiraz cabernet.
    (I feel like a glass now just thinking about it)
    Lol

    Its hard to put a price on this company as they havent been crystal clear with what the plan is, we have a hint though through the scorpion deal.
    Personally i see fenix looking to take over the iron ore regions/tenements of the weld range through j/v or aquisition, the iron ridge tenement is already up and running so i see this as the central hub as fenix looks to branch out in the weld range, mainly due to thats where the accomadation/camp hub seems to be. (Saves money) so we can easily operate from here.

    For the share price like every 1 else it should be much higher than where we are at, i think overtime we will be well north of $1.00 but we also need things to go our way.

    I arrived here late on the scene so my average is 0.23c but liking more and more what i'm reading about Fex.
    Unfortunetly i think we will be around these levels till the quadterly comes out as this will flush out any surprise expenses than have come out of the wood work.

    For the homies commemt it reminds me of this.



    Have a good weekend.

    Rooks
 
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