The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Glad to board took some of the slack, still 100m shares going to existing shareholders.
Out of those, I imagine there will be quite a few who will be flipping them for a quick profit.
Expecting selling pressure for a while, then rockets.
Platina should still have 50% of their shares escrowed.
Pursuant to the acquisition agreements with Artemis Resources and Platina Resources, the Company has issued and allotted 138,703,396 Ordinary Shares of no par value ("Shares") to Platina Resources Limited at a deemed issue price 0.7935 pence per share, being equal to the VWAP of the Company's Common Shares in the 15 trading days before 23 November 2021 and 358,617,818 Shares to Artemis Resources Limited at a deemed price of 0.699 pence per share, being equal to the VWAP of the Company's Common Shares in the 15 trading days before 21 December 2021 (Consideration Shares) and will pay a total of A$500,000 to the vendors. The shares will be subject to escrow over a period of between 3 to 12 months, as follows: ~25% of the Consideration Shares being subject to 3 months lock-in, ~25% subject to 6 months lock-in, and the balance (~50%) subject to 12 months lock-in. Following Admission, the Consideration Shares will represent, in aggregate, approximately 10.47% of the Company's enlarged issued share capital with Platina Resources Ltd holding 2.92% and Artemis Resources Limited 7.55% respectively of the Company's enlarged issue share capital.
We should see what options he gets sometime this week. Hopefully that will signal that everybody is onboard and we can start moving upwards with some further announcements.
The right people are accumulating shares and options at this low price.
So another order expected soon from a redesign supposed to be in last years accounts.
UFO Flow of RNS due to start this Quarter. Here's how Fenix did it - during this period and the months following fenix shareprice went nuts!
13 Aug 2020 Fenix secures approval for Iron Ridge Mining Proposal, paving way for first shipment early next year
https://www.investi.com.au/api/announcements/fex/a2db4454-5e2.pdf
18 Aug 2020 Fenix Executes Mining Co-operation and Benefits Agreement with Native Title Group
https://www.investi.com.au/api/announcements/fex/a117914b-9d5.pdf
31 Aug 2020 Marketing Agent for 50% of Iron Ridge Production Secured
https://www.investi.com.au/api/announcements/fex/fa84a7ff-15e.pdf
07 Sep 2020 Positive Final Investment Decision on Iron Ridge Development
https://www.investi.com.au/api/announcements/fex/6985cfa3-027.pdf
15 Sep 2020 Key Mining Approvals Granted for Iron Ridge Project
https://www.investi.com.au/api/announcements/fex/0788be0a-2cc.pdf
21 Sep 2020 Iron Ridge Project Site Works Commence
https://www.investi.com.au/api/announcements/fex/c1beee04-3a5.pdf
14 Oct 2020 Fenix Executes Binding Offtake Terms Sheet with Sinosteel
https://www.investi.com.au/api/announcements/fex/d9d8310b-3e6.pdf
14 Oct 2020 Fenix Purchases Geraldton Port Infrastructure
https://www.investi.com.au/api/announcements/fex/aa0d7c27-968.pdf
19 Oct 2020 MACA LIMITED APPOINTED MINING AND CRUSHING CONTRACTOR FOR THE IRON RIDGE PROJECT
https://www.investi.com.au/api/announcements/fex/fc7921ab-6c3.pdf
19 Oct 2020 Mining Contract Award – Fenix Resources – Iron Ridge
https://www.investi.com.au/api/announcements/fex/48eeeb1d-228.pdf
26 Oct 2020 ROAD TRANSPORT CONTRACT EXECUTED FOR IRON RIDGE PROJECT
https://www.investi.com.au/api/announcements/fex/67f9b587-76c.pdf
03 Dec 2020 PORT ACCESS SECURED AT GERALDTON PORT
https://www.investi.com.au/api/announcements/fex/f90e653b-879.pdf
21 Dec 2020 Production underway at Iron Ridge iron ore project in WA
https://www.investi.com.au/api/announcements/fex/2e3f562c-384.pdf