Can't be too sure, this looks more like forced selling, same thing is happening to another stock I hold and got stopped out. Last I checked China is still using coal to power their generators(energy is an essential imo) and FLX still hold a sizeable stake in the Newcastle Port facility which the big boys would love to acquire, add to that their win with Moolarben this is short term pain imo.
There was 200bn odd invested in commodities and these are now being redeemed or unwound IMO it's been like this for a while, clients asking for their money back etc, so that affects liquidity also imo.
Once this is over China should be back buying(unless they show signs of tightening) and with juniors reporting in the September quarter it will be a battle of survival and China will be kid in a candy store with companies trading at distressed prices DYOR
cheers,
n
Can't be too sure, this looks more like forced selling, same...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FLX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.89M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 7500 | 1 |
View Market Depth
| Last trade - 16.12pm 29/07/2024 (20 minute delay) ? |
| FLX (ASX) Chart |
Day chart unavailable