27 dollars a share - respectable bid for felix, page-12

Felix Resources are due to pay $192 million to shareholders on 31st October in the form of a $1 fully franked dividend.

If for any reason the current bid by Yanzhou Coal falls apart then cash reserves would be exceeding small with the Moolarben Project and other developments to finance.

The year ending June 2010 would be a more testing time for sales and profitability. Early Moolarben sales, first six months, are unlikely to add much to profits in 2010.

In year ending June 2011 matters are far different as Moolarben production would increase to 4 million tonnes with 2.8 million tonnes being bought by the Korean Consortium. This would lead to sales in the ball park of 7.5 - 9.0 million tonnes.
This would bring profits back on-track.