FEX, irrespective of the well placed/timed hedge, is inextricably tied to the IO price.
Markets are forward looking, what lays beyond the hedge?
Sub-prime contagion about to sweep through Chinese markets.
Over supply, lowered demand and an IO miner with one asset?
Its only reasonable to expect a pullback & a conservative/bearish response.
Ann: Dividend/Distribution - FEX, page-125
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Last
26.3¢ |
Change
-0.003(0.94%) |
Mkt cap ! $190.9M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.0¢ | 26.3¢ | $145.0K | 548.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 236282 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 53571 | 3 |
View Market Depth
| Last trade - 10.31am 07/10/2024 (20 minute delay) ? |
| FEX (ASX) Chart |