This is a discussion page about what investors would like to see FEX do with the cash they are bringing in.
I would like to see FEX buy or merge to obtain more ground with Iron ore and or coking coal. MGT and CKA are the obvious targets that come to mind which is why I suggested above. The reason I believe a merger would be more beneficial then an outright purchase for MGT is due to the startup Capex needed to get MGT tenaments up and running. The Capex is absolutely massive and a merger would most likely be the quickest and most beneficial scenario to get returns for investors. We just wouldn't have enough cash in the next few years to take it over aswell as pay to get everything done needed to begin mining.
This is a discussion page about what investors would like to see...
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Last
37.0¢ |
Change
0.010(2.78%) |
Mkt cap ! $257.0M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 37.8¢ | 36.0¢ | $952.0K | 2.582M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 74237 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 336700 | 3 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| FEX (ASX) Chart |