General question about IO miners, but I'll use FEX as an example.
FEX will soon be extracting at $88. Which is fantastic when IO price is $170. But what happens when IO price collapses to $88 ? What would a company like this do ? What would you expect the share price to do ? Are IO miners cheap to stop & start up again ? Examples of previous events like this welcome.
What happens if IO price below cost ?
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Last
27.0¢ |
Change
-0.010(3.57%) |
Mkt cap ! $194.5M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.0¢ | 27.0¢ | $146.4K | 533.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 321726 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 49999 | 1 |
View Market Depth
| Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
| FEX (ASX) Chart |