Hi JPGuru,
All miners work on provisional pricing adjustments, price, grade, quality that’s standard across the industry. Basically in a falling market you owe money and a rising market the buyer owes the producer money after the product arrives ... so essentially FEX was overpaid the US$4.6m in the last qtr which helped the Q1 financials look better, qtr 3 so far FEX should be owed money from the last few shipments as the IO price continues to rise. I have never seen any company report ongoing pricing adjustments mid qtr. Its something always to keep an eye on. PumpDump is on the money with his assessment imo. Just wasn’t expected by most.
Ann: Quarterly Activities Report, page-101
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Last
26.5¢ |
Change
-0.005(1.85%) |
Mkt cap ! $190.9M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.5¢ | 26.5¢ | $179.2K | 663.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1219425 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 75776 | 3 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| FEX (ASX) Chart |