FIE 0.00% 6.6¢ firestrike resources limited

puzzled...

  1. 1,081 Posts.
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    Well, obviously FIE had a great run yesterday. The initial excitement seems to have died down following the initial rush of blood by the looks of it.

    I did listen to the company's product explanation and it all sounded interesting (but, as a non IT person, there is just nothing more I can say about it as I recognise that this business is well beyond my level of expertise).

    That being said, I do understand financial markets a little better than the field of IT. As such, I understand the rush yesterday of people getting in on the back of things like CPS backing, a new product, something other than monotonous non-activity, etc. I also understand some shareholders getting out because there finally is a bit of liquidity and some shareholders are just "over it" after all this time.

    What I do not yet understand is:
    1) how the company is going to make money out of this?
    2) by when?
    3) how much?

    There is no doubt that having something is better than having nothing (at least the company is having a go). However, for this to kick beyond an initial push, I suspect the market will need to understand the business/financial model better.

    ....then again, maybe I am just an old dinosaur who knows nothing....
 
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Currently unlisted public company.

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