Skip to Content
scroll

MM’s current view on FEX please

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

The Latest Q&A

Question asked

MM’s current view on FEX please

Hi James and Team Fenix has reported first half results today. Fenix has established a logistics business and port services business as part of their fully integrated mining, haulage and port operations. They are growing their iron ore production and expanding their logistics customer base. Is Fenix well positioned to drive their growth aspirations? Do you see long term value in holding FEX. Can I have your current view on FEX . regards Deb

Answer

Hi Deb,

FEX is really not a stock we follow closely – the comments we made in November of last year (here) remain on point, and the share price just happens to be at the same level (26c) i.e. no change in the past 3 months while Iron Ore was in a bull market!

image description

Relevant suggested news and content from the site

Back to top