Dear Brandon- I would dare to say that Fenix resources is so cheap because management do not want to return value to shareholders ( only small dividends), as they want to invest most of cash flow in growing business. and that is a great long term vision , but i do not see how they will unlonck value to us in short term. This sector is so cyclical....
they mentioned on last 23/1;
I hope that shareholders can understand why we are investing in growth. Iron Ridge, we want -- we need to extend that operation to continue the cash flows and profitability. And there is a huge opportunity to build a much, much bigger cash flow business that can pay larger dividends, but there's not a magic act there. We need to have the capital available to invest.
Dear Brandon- I would dare to say that Fenix resources is so cheap because management do not want to return value to shareholders ( only small dividends), as they want to invest most of cash flow in growing business. and that is a great long term vision , but i do not see how they will unlonck value to us in short term. This sector is so cyclical....
they mentioned on last 23/1;
I hope that shareholders can understand why we are investing in growth. Iron Ridge, we want -- we need to extend that operation to continue the cash flows and profitability. And there is a huge opportunity to build a much, much bigger cash flow business that can pay larger dividends, but there's not a magic act there. We need to have the capital available to invest.