FLX 0.00% 21.0¢ felix group holdings ltd

sacl shareholders hold out for $1

  1. 1,945 Posts.
    lightbulb Created with Sketch. 33
    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.
 
watchlist Created with Sketch. Add FLX (ASX) to my watchlist
(20min delay)
Last
21.0¢
Change
0.000(0.00%)
Mkt cap ! $42.94M
Open High Low Value Volume
21.0¢ 21.0¢ 21.0¢ $7.744K 36.87K

Buyers (Bids)

No. Vol. Price($)
2 57401 19.0¢
 

Sellers (Offers)

Price($) Vol. No.
22.0¢ 14756 1
View Market Depth
Last trade - 12.59pm 29/03/2024 (20 minute delay) ?
Last
21.0¢
  Change
0.000 ( 0.00 %)
Open High Low Volume
21.0¢ 21.0¢ 21.0¢ 7395
Last updated 12.59pm 29/03/2024 ?
FLX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.