FEX 2.13% 23.0¢ fenix resources ltd

Potential divy

  1. 920 Posts.
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    Surprised by today's pullbacks

    Maybe I am missing something but they said that the divy would be between 50 and 80% of npat either paid annually or bi annually.

    The unaudited NPAT is forecasted to be approx $ 49m. There are 472,213,920 shares on issue.

    Maybe my maths has a lot to be desired but even taking the worst case scenario of 50 % of npat it seems to be bloody attractive to me when the current share price is .29c !!!

    What are I missing ?

    Results due out in September. Not long to wait.


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