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Big 0 w0rks
Hi smiler.
I thinks thats a good exit going on what weknow now. Approx 10 % of handc0ck value. Will that work. I bought in at .002p. I need to cash in sometime.
Yep, looking forward to be able to rewatch the Vox presentation - taking their sweet time making it available!
Hopefully the Corporate Presentation & Vo x Markets Webinar should be tweeted out today.
There was a lot of good info in the Corporate Presentation.
To clear up a possible timing issue, I’m not suggesting sit on other assetsfor 8yrs running down the DSO supply! Hopefully should have the mine up & running in 6-9 months (sooner would be nice).
I think a loan do-able very cheap to borrow money , probably could get a deal with chinese end user . Its my feeling that giving the choice bill would still like to just sell it all for a cheque . He mentions it in every talk but of course they have to go about planning for standalone , gives more leverage in any deal. I think Bill wants to be a mid size explorer and JV is his no 1 aim in all projects. Nothing wrong with that we all signed up to an explorer not a miner .
Focus must surely be on getting DSO onto ship. The scoping report suggested an 8yr mine (without the uplift for further resource confirmed), so keep the other projects ticking over with permits & licences up to date, but get the DSO out the ground, money coming in, then hit EH etc with the new cash flow. No need to raise cash if it all plays out.
smiller, you are opting for dilution or a loan? Brockman likely much bigger and silver worth considerably more by the time we could work on it. Guess none of us will have a choice, just hope BBG picks the right route to profit. Happy Days!
Fenix have a dividend yield of 21.88%
https://www.intelligentinvestor.com.au/shares/asx-fex/fenix-resources-ltd/dividends
https://www.proactiveinvestors.co.uk/companies/news/960361/fenix-resources-makes-strong-progress-on-iron-ridge-project-with-maiden-dividend-for-fy21-960361.html
“Fenix also declared a final fully franked dividend of 5.25 cents ($0.0525) per share, equating to a total dividend payment of around A$24.8 million, based on the 472,213,920 shares currently on issue, representing an NPAT payout ratio of 51%.”
5x5 interesting you want to go for it with EH , as it currently stands I don't think we have exp or resources to do that , now in 1-2years time with cash coming in and some new hires that could all change , Id personally like us to JV off EH with a more experienced silver miner , drill and sell off Brockman to BHP and it seems keeping Hann**** is easy enough to let an exploration company keep and benefit from greater profits . This could all change just how I see it now.
1.5 billion tonnes or $ equivalent ? may i ask why you would leave at 9p ? is it part of your strategy somehow to move money about or just don't think it will go higher? At 10p il l pull my seed money and leave the rest in 5 years could be 30p low risk
I'd rather prove up Hanc0ck, to about 50mt, sell it. Having then enough cash for Brockman & EH to be put into production.
So 9p is a market cap of £290 million. I think if we get to this point that is my get out. For this I think we need to fastrack EH sale and prove approx 1.5 billion tns/ at han****. Other assets are negligible at the moment.
Or it’s one person closing out there position as I’m starting to notice a theme.
Yes, I topped up 2m shares. Now just wait until we get RNS as a result of Lloyd's work that UFOs started sending iron ore to the port and the expected revenue from first operations in Q1 is a few millions AUD. These ore can be obtained at a very low cost - just lift it from the ground and drive to the nearby railway station and further to the port. I have time, I think that 3p + by the end of the year is achievable, although in this market it can happen even in two weeks of November. Next year sky is the limit.
People think they can sell and buy back cheaper, but still haven't realised that the US$1bn+ worth of our Iron Ore is now about to become unlocked and monetised, with the dividend stream that it will bring (Fenix distributing between 50% and 80% of after-tax profits as fully franked dividends).
yes, I was able buy only 1M. Can't grab anymore.
Bought already. I'm getting NT to buy 1M at moment.
looks like over 2m shares for grab for 0.85p now. Tempting.
For me, the fact that Lloyd Edmonds is onboard ticks all the right boxes. He's a major industry player, who will have a direct line to all the right people.
Deals to be done !!
Gm all!!
Good times ahead to be an Alien!
https://www.google.com/amp/s/www.proactiveinvestors.co.uk/companies/amp/news/963595