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 Coal are unlikely to be allowed to bid for Felix...
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.89M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 7500 | 1 |
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| Last trade - 16.12pm 29/07/2024 (20 minute delay) ? |
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