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.
FEX, irrespective of the well placed/timed hedge, is...
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Last
27.5¢ |
Change
0.015(5.77%) |
Mkt cap ! $198.1M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 28.0¢ | 26.5¢ | $946.9K | 3.475M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24373 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 60669 | 4 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| FEX (ASX) Chart |