FEX 3.70% 26.0¢ fenix resources ltd

Price of Iron Ore, page-1651

  1. 470 Posts.
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    I would love to go to the AGM. However from Brisbane orginally and also living and working in China. That is a pretty big trip to fly to WA to ask some questions.

    Well just from observation it definitely seems that the most deposits have the 2 together.

    Now that iron ore prices are not that profitable they should slow down buying things. So instead of trying to expand as quickly as possible I would prefer a bit more preservation of cash.

    The only things I would like to see them do is to buy assets on the cheap as others said if there are some bankruptcies and just for the most part hold them or slowly prepare them for operation for when IO prices do eventually rise above 120 USD a tonne.

    It is like Shine. I still think everything should be prepped so that things can go into production within 3 months.


 
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