It’s terrific to see some actual debate on this board!
>>“And with coal you can NOT lock in prices (like gold) going several years forward. the coal industry works differently.
>>If you lock in high prices and then prices fall, the customer may just not send the ship to pick up te coal. Seriously!!!”
This isn’t entirely correct. You can get OTC derivatives on coal many years out. The point being made was, with coal prices where they are, FLX is worth more than the Deloitte report was suggesting. Now if you believe that coal is going back to the Deloitte prices then the value of FLX is unchanged. However, based on the rapid recovery in coal after the GFC, it seems likely that there has been a secular shift in coal pricing and long term prices are going to settle much higher than Deloitte’s estimate. Therefore FLX is worth more.
It doesn’t even matter if you lock in the long term price today or just capture those prices year by year!
>>So it is your issue if you can't "accept" this
Why the hostility!
27 dollars a share - respectable bid for felix, page-31
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17.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $35.78M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 42655 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 272926 | 4 |
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