Well at this IO price, it is better that FEX stop mine and start doing trading by buying on spot market and selling to their hedge commitments... this will provide better margin for the business at lowest possible risk and importantly increase current mine life by 1 year as they simply stop all activity on site.
use this time to acquire likes of VMS or SRK or enter into another commodity with 10+ year LOM to lower the risk related to one commodity... this is really good time for acquisition (not merger)... for FEX.... IMO.
Well at this IO price, it is better that FEX stop mine and start...
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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 |