I hope you are right. With IO prices almost at $US130/t, I think FEX should be pushing 28-29c. The shadows cast by China, US inflationary fears , COVID, and all the Net Zero discussions, the market is very reactionary and imo not clear on how it should value companies like FEX.
FEX in normal times would be challenging due to its hedging arrangement, but if you compare the cash they must have in the bank with their current MC , you can only deduce that the market is undervaluing their EV by a lot.
Chart, page-1380
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Last
41.5¢ |
Change
0.025(6.41%) |
Mkt cap ! $288.2M | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 41.5¢ | 38.8¢ | $1.251M | 3.124M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6260 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 107671 | 2 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| FEX (ASX) Chart |