Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 18 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

BHP Blinks First on China Index, Now Pressure Builds on Rio Tinto

Iron Ore Monthly (April 2026): Skew Repricing and Lower IV Point to Moderating Expectations Into Q3

Iron Ore: Simandou Supply Disappoints/ What's Happening To The Cost Curve/ Chinese Mills Profitable?

Fortescue Metals (FMG AU): Strong H1, Pre-2030 Earnings Bump From Decarbonization + Iron Bridge

Iron Ore: Stockpiling In Chinese Ports Continues, Over 45 Days Of Inventory Just At The Ports

Fenix Resources (FEX AU): Base-Case NPV 1.1 Bn AUD Vs Current Mkt Cap 300 Mn AUD, Bull at 3 Bn AUD

Iron Ore: All Eyes On CMRG Negotiation, China Imports And Restocking Strong: Negative Long-Term

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/fortescue-metals-group-ltd" target="_blank" data-smartkarma-citation="entities:41:1" rel="noopener">Fortescue Metals (FMG AU)</a> and <a href="https://www.smartkarma.com/entities/fenix-resources-ltd" target="_blank" data-smartkarma-citation="entities:7405:1" rel="noopener">Fenix Resources (FEX AU)</a> reported their Q3 operational results last week, highlighting strong numbers despite challenging conditions due to <a href="https://content.fortescue.com/fortescue17114-fortescueeb60-productionbbdb-8be5/media/project/fortescueportal/shared/documents/regulatory/transcripts/march-2026-quarterly-production-report---investor-and-analyst-call-transcript.pdf" target="_blank" rel="noopener">Hurricane "Norelle" </a>and <a href="https://wcsecure.weblink.com.au/pdf/FEX/03081593.pdf" target="_blank" rel="noopener">diesel price increases</a>. </li>
<li>With 30 days of diesel available in Australia, companies are focusing on procurement and storage strategies (short-term), as well as on diesel substitution through EV haulage in the future (long-term).  </li>
<li>More than a third of the questions asked in the conference calls related to diesel price/ availability, and to a pivot toward future strategies that could minimize diesel usage. </li>
</ul>



Fortescue Metals (FMG AU) and Fenix Resources (FEX AU) reported their Q3 operational results last week, highlighting strong numbers despite challenging conditions due to Hurricane "Norelle" and diesel price increases. 
With 30 days of diesel available in Australia, companies are focusing on procurement and storage strategies (short-term), as well as on diesel substitution through EV haulage in the future (long-term).  
More than a third of the questions asked in the conference calls related to diesel price/ availability, and to a pivot toward future strategies that could minimize diesel usage. 


Iron Ore Q3FY26 Operational Reports: Are The Miners Going To Find Diesel Supply/Price Challenging?