All the selling today, you have to ask who was buying.
There were some massive buy orders getting hit.
These weren't mum and dad investors!!!
As mentioned FEX have hedged 45% of their production for 1yr in advance (from Oct21) at a set price which covers all their costs.
That means pure profit on the remaining 55% of production.
FEX is in a great position for the next 15mths, maintaining high prices.
FEX Valuation, page-81
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Last
38.5¢ |
Change
-0.020(4.94%) |
Mkt cap ! $267.4M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 40.8¢ | 38.5¢ | $1.126M | 2.841M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 151027 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 201127 | 2 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| FEX (ASX) Chart |