Might be a controversial view in this thread but I don't think that long term we have a sustainable business at current production cost. I'm invested in FEX based on the cash flow from a short term (3-24 mth, would love to have a crystal ball) elevated iron ore price. As other here, I've been in the middle of the 2011/2012 which almost took out FMG and shut down the drilling company I was working for then. I see the opportunity for Fenix in building bulk cash in a short time and then exploring / partnering / buying into other opportunities. I believe other have the same view which might explain the share price. Any demonstration of reduction in AISC relative to the latest reported number will go a long way in driving up value. For full disclosure, I bought more shares today as I think FEX is undervalued.
Media Releases, page-666
-
- There are more pages in this discussion • 178 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FEX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
28.0¢ |
Change
0.010(3.70%) |
Mkt cap ! $201.7M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 28.5¢ | 27.3¢ | $342.6K | 1.221M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 212408 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 18176 | 2 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| FEX (ASX) Chart |