Відео

Hi @martinbrown8377 Thank you for your support. John’s vision prioritises sustainable expansion over immediate dividends. By investing strategically today, Fenix is working towards delivering even greater returns (which includes dividends) in the future. Your long-term view aligns with the company’s strategic intent - thanks for your support.

Thank you for your feedback. The Board’s decision to retain cash over issuing a dividend reflects a strategic prioritisation of long-term growth, which will be driven by Fenix’s expansion projects at Shine, Beebyn-W11 and the Ruvidini Inland Port. These investments aim to strengthen long-term shareholder value, by positioning Fenix to achieve a robust production rate that will enable future dividend payments. John provides an in-depth outline of the rationale for the decision at the 7:20 mark in the video.

It created a buying opportunity. Having said that the way the share price was punished for that they might be less cagey about dividends in the future. The problem was the market WAS disappointed.

We share your optimism for Fenix's growth potential! Hitting the 4Mtpa milestone will indeed be a major achievement, and Fenix is focused on ensuring that each step toward this target is executed smoothly. Investments in infrastructure and operational enhancements aim to support this goal for growth and increased shareholder value.

Hi there, thanks for your interest in Medallion! It's a fairly simple process to set up a broker account in Australia, which would allow to you invest in ASX listed stocks. Feel free to email us at investors@investability.com.au if you would like some broker recommendations, we'd be happy to assist you.

Hi MountainMan, Most long term Iron ore forecasts are generally bearish. However, almost all iron ore forecasters have under called the market consistently. We have not seen a credible long term forecast as low as US$50/t. Goldman Sachs long term forecast is US$92/t while the Commonwealth Bank of Australia (notoriously cautious) forecasts a long-term iron ore price of US$68/tonne. The current price is around US$100/t. Your question may have been triggered by a September 2023 Australian Resources & Investment article titled “Iron Ore to slump to US$50 per tonne by 2032:BMI”. The article notes that BMI maintain their current year forecast (2023) at US110/t. The actual average price in 2023 was US$120/t. In fact, in November 2023, BMI INCREASED their short term and long term price forecast to US$120/t and US$80/t respectively: www.miningweekly.com/article/bmi-raises-2024-iron-ore-price-forecast-but-long-term-decline-persists-2023-11-24#:~:text=Fitch%20Solutions%20unit%20BMI%20has,country's%20non%2Dproperty%20sectors%20including You may get a more bullish insight by reading Citi’s forecast from earlier this year as reported here: www.marketindex.com.au/news/why-citi-thinks-iron-ore-prices-could-hit-ususd150-a-tonne In our experience, iron ore prices continue to outperform expectation and Fenix continues to see strong demand for our high grade products. Fenix model a long term price target for iron ore at US$80/t (out past 2030) and strongly believe that between now and 2030: 1. We will enjoy periods of higher iron ore prices as we are presently (at or above US$100/t); and 2. Fenix are transitioning the business for a lower cost, higher volume sustainable future. There is a lot of money to be made from iron ore. Regards, Investability

@@InvestabilityTV Thank you for your reply. I will adjust my general iron ore investment view according to your comprehensive forward price information.

@@InvestabilityTV Fantastic response, thank you for sharing!

We have purchased John a mic, so except crystal clear audio from the Chairman next time! :)

Come this year!

Guess we have to ;)@@InvestabilityTV

Thanks David, agreed.

Hi Jacob, thank you for your comment. Just expanding on the AISC question, if you back out the by-product credit, then AISC would be ~$1675/oz. On the basis you have removed the by-product credit, you should express the AISC in Au equivalent terms not Au only. Feel free to contact us if you have further queries: investors@investability.com.au

Yeah appreciate your suggestion but which ever way you look at it, initial Gold AISC are quite high compared to industry averages. Lucky we have that copper credit to take some heat off but can understand why the market didn’t rate the PFS. Early stages still and looking forward to the journey

Hi Jacob, MM8 plan to drill 5000m at KMC before the end of the year. Thank you for the question and please feel free to email us anytime at investors@Investability.com.au if you have further queries.

Thank you James

Love ya

Me too Murdock 👍🎯

Editing the replays as we speak - will be available tomorrow :)

Great stuff!