Felix Resources risk is not in financing its new Moolarben Mines or expanding Yarrabee, Ashton and Minerva mines, it has loads of cash.
The risk is in the price of coal the company will obtain. Mr Flannery, MD of Felix, believes the price will settle down at lower levels in time.
Set at the moment for well over $1 billion profit in 2012 are Felix. Every dollar off the coal price, presently set at US$125 per tonne for thermal, will rob Felix of AUS$14 million in 2012.
The risk factor at around $17.50 a share is about 50% and if this was taken away the stock price could push on to $35 a share.
So the Felix price is leaving an investor to guess the risk.
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Last
21.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $48.29M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10556 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 26578 | 1 |
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| Last trade - 07.00am 10/09/2025 (20 minute delay) ? |
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