The present bid for former Felix Resources subsidiary South Australian Coal (SACL) is worth today 25.8c a share with cash of 21.61c a share possible if coal expectations are met - a total of 49.16c a share.
The coal holdings are between 3 and 4 billion tonnes as stated by Mr Brian flannery.
At a price of just 10c a tonne this works out at a value of $300 to 400 million or between $1.65 and $2.20 a share with the gold prospects thrown in for nothing.
It seems that a bid of $1.85 a share would be a fair price for South Australian coal with a bidder taking a realistic gamble on the eventual coal available.
Come on now, 10c a tonne of coal is not expensive its dam cheap.
The present bid for former Felix Resources subsidiary South...
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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 |
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| Last trade - 12.24pm 05/09/2025 (20 minute delay) ? |
| FLX (ASX) Chart |