This low bid by Yanzhou Coal paying just $16.95, all in cash, for each share in Felix Resources; is an agreement between FIRB and Yanzhou for the benefit of the very large shareholders, the Felix board of directors.
Benefits Australia this bid. Felix Resources benefited Australia as it was and only an Australian Company, such as BHP Billiton, could benefit shareholders as well, SMALL SHAREHOLDERS THAT IS.
Many may think this decision is trying to scare off counter bidders: As they may be seen as ruining a Rudd tie up with his Chinese friends.
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Last
20.5¢ |
Change
-0.005(2.38%) |
Mkt cap ! $47.14M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.5¢ | 20.5¢ | $46.41K | 225.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 154149 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 17454 | 1 |
View Market Depth
| Last trade - 12.24pm 05/09/2025 (20 minute delay) ? |
| FLX (ASX) Chart |