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

Iron Ore At 105 USD/Ton: Sweet Spot for Fenix Resources (FEX AU)

Iron Ore At 106 USD/Ton: Simandou Uncertainties To Risk Supply, Fenix, The Beneficiary

On The BHP-China Impasse: Iron Ore Will Continue To Be Over 100 USD/Ton

Iron Ore: Pullback From 102 USD/Ton to 95 USD/Ton

Fenix Resources Tripling of Production Achieved, 1.2x Price/OCF

Fenix Resources (FEX AU): Q3 FY25 Concall Update + CZR News

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>This is a follow-up on our insight from 2 weeks ago, <a href="https://www.smartkarma.com/insights/iron-ore-pullback-from-102-usd-ton-to-95-usd-ton" target="_blank" data-smartkarma-citation="insights:196969" rel="noopener">Iron Ore: Pullback From 102 USD/Ton to 95 USD/Ton</a>, where we estimated a pullback on the iron ore price. </li>
<li>With mill margins retreating into negative territory and TSF numbers (although healthy) coming far below street expectations, the stage is set for iron ore to retreat to 95 USD/ton. </li>
<li>Despite iron ore prices retreating to the 95 USD/ton level, we like <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>(Read: <a href="https://www.smartkarma.com/insights/fenix-resources-tripling-of-production-achieved-1-2x-price-ocf" target="_blank" data-smartkarma-citation="insights:197917" rel="noopener">Fenix Resources Tripling of Production Achieved, 1.2x Price/OCF</a> ).</li>
</ul>


This is a follow-up on our insight from 2 weeks ago, Iron Ore: Pullback From 102 USD/Ton to 95 USD/Ton, where we estimated a pullback on the iron ore price. 
With mill margins retreating into negative territory and TSF numbers (although healthy) coming far below street expectations, the stage is set for iron ore to retreat to 95 USD/ton. 
Despite iron ore prices retreating to the 95 USD/ton level, we like Fenix Resources (FEX AU)(Read: Fenix Resources Tripling of Production Achieved, 1.2x Price/OCF ).


Iron Ore: Reiterate Fall to 95 USD/Ton In the Near Term