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FEX - Fenix Resources

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FEX up 18.2% today and back to 5.2c with an intraday high of 5.4c. Volume was solid with around 38.5 million shares traded.

Looks like all the profit takers have finished selling and those taking positions for the longer term have moved back in.
 
Chart chugging away nicely ….. If that resistance line gets broken to the upside and holds, it will look even better and it's shaping up to do that methinks.
 
barney said:
Chart chugging away nicely ….. If that resistance line gets broken to the upside and holds, it will look even better and it's shaping up to do that methinks.
Click to expand...

Its now done that and looking pretty solid … DNH but those that do should be happy

 
Yes, FEX looks like a breakout today. It has well and truly broken above that previous high of 5.8c made on 23 January. Today's volume was good but not outstanding, which makes me think that supply is tight and holders are not willing to part with their shares at current prices.

We may see some further share price gains this week if this situation persists.
 
FEX having that little breather it needed to have but tidy again today …. Still only a tiny market cap. Interesting times ahead.
 
May has really been FEX's month, rising from a low of 6c to a high of 11.5c today, the last day of the month.

During the month, FEX formed a strategic alliance with trucking and logistics company Minehaul Pty Ltd, received strongly positive metallurgical testwork results in respect of potential products from its Iron Ridge Project and signed a co-operation agreement with the manager of the Port of Geraldton, the Mid West Ports Authority, relating to the export of Iron Ore product.

Fenix is definitely one to watch in the coming months as the Iron Ridge Iron Ore Project ramps up towards production.

 
barney said:
Certainly been a mover and a shaker last few months.
Click to expand...
18 months on, and you can say that again B.
3 year chart so we can see the excitement 1.5 year ago.... seems we all missed this one and I would concede it's probably done it's rise for a while, however I know nothing of the FA.?
 
Make no mistake Fenix will be next to port with a new iron project. Locked in at the port and likely to get 'built' (dig, screen, send) before the heat comes off iron and we dip below $90/t late next year.
 
BHP is facing a groundwater contamination challenge at its Iron Ore mines after detecting the same dangerous chemicals that have been found at Australian Defence Force sites and on Victoria’s troubled West Gate tunnel project.

WA’s Department of Water and Environmental Regulation has raised concerns about a potential threat to human health, including to mine workers, and the environment in ordering remediation work and a more detailed risk assessment.

https://thewest.com.au/business/min...newman-iron-ore-hub-in-pilbara-ng-b881839278z

Meanwhile, other Iron Ore stocks like MGX @ 0.855c +4.91% and FEX @ 0.24c +4.35% are doing really well this morning on the back of BHP's troubles it seems.

Cheers tela
 
Terrific work by Fenix Resources FEX as already planning to load next ship on the weekend! Impressive indeed
 
Telamelo said:
Terrific work by Fenix Resources FEX as already planning to load next ship on the weekend! Impressive indeed
Click to expand...
Ripper finish @ 0.27c +12.5% as FEX looks set for 0.30c+ imo

Chris Judd Invest

Chris Judd Invest takes people inside the minds of Australia's brightest investors, opening up a channel of information that only a generation ago was reserved for professional investors.
www.chrisjuddinvest.com
 
With Brazil plagued by covid & heavy flooding - impacting their iron ore which is great news for Aussie miner's like FEX & MGX etc. (Iron ore futures continue to go higher which is bigger $$ margins to be made).

Both FEX & MGX release quarterlies over the coming week's
 
Iron Ore price hits 10-year high on rising steel demand = bigger profit $$ for FEX & MGX as well as the big miner's of course.

MGX is a cash cow raking in big $$ and with Shine project about to start up will further enhance it's output profit $$ margins further
 
FEX big line wipes of 0.29c/0.295c smashed now @ 0.305c +7.02%!
 
Should have put this little fella on a short leash watch list !!

Didn't ... My loss ... Been going gang busters.

Hope you hold a few @Telamelo
 
barney said:
Should have put this little fella on a short leash watch list !!

Didn't ... My loss ... Been going gang busters.

Hope you hold a few @Telamelo
Click to expand...

The fundamentals for this look very good and you might find it still has further to go if the Iron ore price stays up.

First shipment went out on schedule in February and they are on track for 1.25mtpa over the next 12 months which will give them an EBITDA of $150mil per year with a market cap of only $145mil.

If you compare them with Mount Gibson (MGX), it still looks very undervalued.
 
barney said:
Should have put this little fella on a short leash watch list !!

Didn't ... My loss ... Been going gang busters.

Hope you hold a few @Telamelo
Click to expand...
Thanks @barney as fortunately I spotted FEX earlier on (still believe it's quite undervalued as I have a conservative 0.50c+ target in mind imho)

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!

DYOR .. Cheers tela
barney said:
Should have put this little fella on a short leash watch list !!

Didn't ... My loss ... Been going gang busters.

Hope you hold a few @Telamelo
Click to expand...
 
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