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6.41%

41.5¢ fenix resources ltd

Price of Iron Ore, page-397

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Oldgherkin

1,041 Posts.

162

20/09/21

10:29

Post #: 56198401
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Originally posted by Rod_: ↑

It is a great opportunity to buy more IMHO, it will be interesting to see the reaction of the market when the September 4C is released. After tax and divvies to be paid out of the September 4C profits, the company will have ~$48mil cash clear in the bank account.
The next 6 months are going to be choppy waters for IO, and I think we’re aware of that, but what goes up and down so quickly like we’ve seen for IO has every possibility to go up again just as quickly.
Supply is definately starting to contract already, although minor, it will be interesting to see if the big boys drop a bit of supply to help the IO price, or increase production to try and wipe out the smaller competitors.
GWR has gone into a trading halt today, they could be going into C&M after VMS did last week.

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Ultimately.
We have no debt.
Sufficient cash on hand to carry us forward for a few years regardless.
Hedge in place to keep us operating even if we have to cut some production.
We are getting a premium on the lump also.

Cash on hand at this quarterly after the dividend will be significantly higher.

I really think that some good opportunity's will be presented out of all this.

Berth 5 will be all ours now.

FEX Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 41.5¢		Change 0.025(6.41%)		Mkt cap ! $288.2M

Open	High	Low	Value	Volume
39.5¢	41.5¢	38.8¢	$1.251M	3.124M

Buyers (Bids)

No.	Vol.	Price($)
2	6260	41.0¢

Sellers (Offers)

Price($)	Vol.	No.
41.5¢	107671	2

View Market Depth

No.	Vol.	Price($)
1	5000	0.410
2	46999	0.405
4	249000	0.400
3	255000	0.395
7	377432	0.390

Price($)	Vol.	No.
0.415	107671	2
0.420	36357	5
0.425	160204	3
0.430	35829	3
0.435	10000	1

Last trade - 16.10pm 26/07/2024 (20 minute delay)

FEX (ASX) Chart