Chairman Travis Duncan, MD Brian Flannery and Director Hans Mende, saw Felix Resources FLX reach a price of $23.20 and market cap of $4.3 billion, forgotten were the days when the market cap stood at less than $10 million, in 2002. Due to rights issues etc., it was only possible to make up to 6,700% profit.
Can all this happen again, Yes, and far more than that. Phillipson will, imho, be the biggest winner. Sure, some coal will head for Southern Power stations, but most will produce gas and diesel. About 4.5 billion barrels of the stuff.
can they do it again?
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