Yanzhou Coal are unlikely to be allowed to bid for Felix Resources by their parent company. China is now applying pressure on companies not to make further unwise purchases.
Yanzhou are also involved in oil from coal projects that are now going to prove unprofitable.
They are more likely to wait and see what happens with the Rio Tinto, probable sale, of distressed coal assets.
There still remains a chance of the purchase of 9% of the Ashton Mine with the option on purchasing semi-soft coal.
yanzhou may only want the ashton mine, page-16
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Last
17.0¢ |
Change
0.005(3.03%) |
Mkt cap ! $34.76M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 17.0¢ | 16.0¢ | $15.02K | 93K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30280 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 17841 | 6 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| FLX (ASX) Chart |