trading halt., page-6

The last three times we had a suspension, was the reverse takeover of Yarrabee, takeover of White Mining and sale of a 20% interest in Ashton Coal Mine.

The announcement of reduced profits could leave an opening for Wesfarmers or Macarthur Coal. Rumours last year died away and nothing came of them. It would have to be a friendly approach and seems unlikely.

More likely is an agreement concerning the jewel in the crown, low cost coal mine, Moolarben.
Expensive to bring to production quickly with FLX expanding Ashton, Minerva costing A$62 million plus and expansion costs at Yarrabee in the pipeline.
There is also Athena and Harrybrandt. On top of this are the thoughts on iron ore at Hawks Nest, Peculiar Knob and Sequoia.
All far too much for Felix Resources to handle with profit estimates declining.

In the past emails sent to FLX have always been replied too. My questions on Hawks Nest and the iron ore tenements have been met with a continued ghosty silence.

Anyway, it's always fun guessing.