FEX 3.57% 27.0¢ fenix resources ltd

What made you choose FEX, page-28

  1. 268 Posts.
    lightbulb Created with Sketch. 58
    I held a strong view that they would NOT pay dividends for a few years but I listened to the CEO and he said he placed no value in franking credits for the company so he implied he would pass them onto shareholders....

    If the have circa $100m circa cash by say Sept then surely they would not bother paying out anything less than say $20m which in my rough calculations equates to a circa 4 cps so I agree they are still a good buy at these levels...
 
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