Thoughts in FEX & ASM

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Question asked 24/07/2021

Thoughts in FEX & ASM

Hi James & Team,

Can I please have your view on FEX (Fenix Resources). It has reached a high of 45 cents today. Also your thoughts on ASM - Australian Strategic materials.

Regards

Debbie

Answer

Hi Debbie,

A couple of top performing stocks here, I hope you’re on board both! :

1 Fenix Resources (FEX) 43c – this $200m WA resources exploration business has rallied by almost 500% over the last 2-years, if I were long FEX the inclination would be to place stops below 38c and let it ride.

2 Australian Strategic Materials (ASM) $8.89 – this $1.2bn producer of speciality metals and oxides has more than doubled since May, again if I were long it would be a case of stay long with stops below $7.80.

chart

Fenix Resources (FEX)

LAST UPDATED 23/07/2021 16:44

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