Xstrata has withdrawn its $30 billion pound bid for Anglo which could lead to it making a play for FLX.
An article in the AFR this week (sorry I dont know which day it was) highlighted Anglo's CEO's determination to make acquisitions (he was instrumental in putting BHP and Billtion together when he worked for BHP)
Xstrata has a mine adjacent to Moolarben where a large amount of synergies could be extracted.
Whilst FLX can not actively seek out Xstrata, it will interesting to see what Xstrata does.
Lets hope that a Xstrata will come up with a more realistic bid for FLX.
Good luck to all.
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Last
21.0¢ |
Change
0.005(2.44%) |
Mkt cap ! $48.29M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.0¢ | 20.5¢ | $43.31K | 208.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 130956 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 17454 | 1 |
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| Last trade - 11.37am 08/09/2025 (20 minute delay) ? |
| FLX (ASX) Chart |