Skip to Content

Thoughts on Fenix Resources (FEX)

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

The Latest Q&A

Question asked

Thoughts on Fenix Resources (FEX)

Hi James and Team, Can I have your current view on Fenix Resources please. In July 2022 FEX 100% ownership of Fenix-Newhaul makes them a fully integrated mining haulage & logistics Co reducing costs and their recent acquisition of Mount Gibson's MidWest iron ore, port, and rail assets for future growth. All this seem positives for the business but the share price has come off. Are you positive FEX longer term? regards



We don’t follow this $156mn WA based explorer/miner very closely one of the reasons being the shares haven’t moved in a few years and the stocks still trading down 50% from its 2021 high, i.e. close followers of the stock and space aren’t keen.

This junior iron ore company is likely to struggle, especially compared to its better-known peers, unless we see a strong rally for the bulk commodity – not one presently on our radar.

image description
Fenix Resources Ltd (FEX)
image description

Relevant suggested news and content from the site

Back to top