I doubt the shares will ever make it back to 2.5c personally ....remember for every 7 shares you buy at any price before the 10th you get a 2.5c share which ultimately lowers your entry price on average ....
But If they do I 'll buy some more ... The down ramp team from here will tell you how bad this deal is that we got ripped off and why didn't wait for a better deal ...
Well there is not better deal in the short/mid term. The negativity is all just thinly veil d/ramps trying to drive the price lower so they can hitch a ride ... that's why the continue to post here... because they are interested in entering lower why else would you bother.
Nope its a game changing deal for the FMS/RTA JV and the Pilbara as a whole .. no more strangle hold on Port access by majors for mid Pilbara Fe hopefuls.
As earlier stated today the Mcap for FMS years ago was $550m at time of Russian takeover... At that time the Company was valued without these:-
1. Without Port access/space,
2. Without Rail access,
3. Without upgraded Jorc to indicated
4. Without detailed mine plan
5. Without 250mt of new High Grade targets mapped
6 Without native title
7. Without Supplier commitments
8. Without credible plan to monetise the deposit
Now the armchair intellects on here will tell you that the company price (at a current Mcap of $55m) will now fall. What we are overvalued at $55m LOL!
The company should have a mcap closer to $700m but lets be conservative and say $550m Mcap. Shares on issue after Cap raise will be 2.4 bill. This gives a Share price of $23c at $550m mcap. That would be a 6 to 7 fold increase from the 3.3c today. Of course a few years out when they start production they will be multiples that mcap again.
Sure we will drift a little till the Cap raise is sorted and Cash is in the bank but then we will kick away strongly do a objective peer comparison then tell be the Company value should be lower that $55m...
So ridiculous I nearly fell off my chair with laughter... OMG!
- Forums
- ASX - By Stock
- RHK
- ann out on cap raising
ann out on cap raising, page-82
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RHK (ASX) to my watchlist
|
|||||
Last
80.5¢ |
Change
0.005(0.63%) |
Mkt cap ! $160.8M |
Open | High | Low | Value | Volume |
80.5¢ | 80.5¢ | 80.5¢ | $1.24K | 1.54K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2531 | 79.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
89.0¢ | 2368 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2531 | 0.790 |
1 | 16200 | 0.760 |
2 | 5573 | 0.740 |
1 | 1309 | 0.700 |
1 | 7246 | 0.690 |
Price($) | Vol. | No. |
---|---|---|
0.890 | 2368 | 1 |
0.910 | 20000 | 1 |
0.980 | 10000 | 1 |
1.000 | 1812 | 2 |
1.030 | 5500 | 1 |
Last trade - 11.02am 12/07/2024 (20 minute delay) ? |
Featured News
RHK (ASX) Chart |