FEX resumes haulage to Geraldton Port

  1. 5.1k
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    Terrific work by Fenix Resources FEX as already planning to load next ship on the weekend! Impressive indeed :)

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    hey tela,

    any idea when these guys will become profitable? im assuming this year now they are producers but i havnt done the sums to get a feel of their long term potential

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    Hey Setekh,

    Fenix already a producer & better still have no debt! as exporting 2 ship loads per month - next quarterly update due by 29/04 should show/reflect the cash cow $$ it's becoming based on very good margins with record iron ore prices at the moment imo

    Please DYOR as always

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    Overnight spot iron ore gained +2.7% to US$177.30 a tonne :)

    FEX now @ 0.29c +7.41%

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    FEX big line wipes of 0.29c/0.295c smashed now @ 0.305c +7.02%!
    :) :) :)

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    Great finish @ 0.315c :) new 52 week high!

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    Boom Iron ore above US$180+ per tonne!

    Can't wait for MGX quarterly report due by either today or tomorrow..

    Meanwhile, FEX is the gift that keeps on giving.. just loaded another ship (already departed) with another ship due at Geraldton by 27/04 = more big $$ in the bank! :) :) :)

    1 like
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    FEX going strong @ 0.31c +6.9% :)

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    4 reasons why iron ore could surpass $230 per tonne!

    The price of high-grade 65% Fe iron ore fines looks set to break through the $230-per-tonne-cfr-Qingdao price ceiling amid tight supply of seaborne cargoes and hefty mill margins, industry sources told Fastmarkets.

    https://www.metalbulletin.com/Article/3985231/FOCUS-Four-reasons-why-iron-ore-could-surpass-230-per-tonne.html

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    Back of envelope calc. over my morning coffee

    5 boats, 50,000 tonnes each, $167/tonne less $14/tonne freight, times (1/.77) USD:AUD is about $50M revenue this quarter alone! :) :) :)

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    FEX ripper quarterly out.. jumped to 0.33c +11.86% on open... it will make about half of it's market cap in net profit $$ within 3 months time from now :) :) :)

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    FEX nudged 0.255c lows today picked up more at 10% discount so happy with that :)

    FEX have a much higher Iron Ore hedging fixed price commencing from 01st October '21 DYOR

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    Fenix Resource (FEX) announces its first dividend policy as it flags some sturdy annual earnings and profits for the 2021 financial year
    Accord to Fenix, unaudited sales revenue hit $113 million over FY21, with net profit after tax at $49 million
    Fenix says to the extent dividends can be fully franked, it plans to return between 50 per cent and 80 per cent of after-tax earnings to shareholders
    The company plans to release its audited 2021 financial year results in mid-September, with its maiden dividend to be declared as part of the report

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    " With an unaudited headline NPAT of $49 million and market capitalisation of ~$132 million, this implies a price-to-earnings ratio of just 2.55 and a potential dividend yield between 19.58% and 30.6%. "

    *Excerpt from Motley Fool

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    Cash cow FEX moving up nicely @ 0.285c +7.55% :)

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    Dalian Iron Ore futures shot up +6% strong bullish close :)

    China thankfully recorded zero delta cases today so refocused on stimulus to get their economy going again which is driving up commodities, especially iron ore.

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    FEX @ 0.30c +7.14% already :)

    Share price crossed back above it's 200dma of 0.28c (very bullish indeed imo)

    Big fully franked dividend to be declared in a couple of week's from now..

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    FEX building @ 0.30c +5.26% let's hope/see if it can crack & hold 0.30c+ over these coming day's..

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  21. 5.1k
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    Great to see a bullish close with FEX @ 0.305c +7.02 % :)

    1 like
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