Been watching this stock for a very long time (since high's in June last year) and since I've watched it implode. I've been sitting on side lines watching and listening though. It seems to me that fse are rather busy at putting all their efforts into this coal deal and I rekon that they are moving towards a deal. One thing I do want to bring up is what CT mentioned...the 5c share price. The "letter of intent" holds the terms of the transcation taking place and in my limited understanding these terms aren't open for adjustments (unless FSE submit a new letter of intent). If the SP doesn't go 5c+ and the deal falls through what options does FSE have? It appears to me that at this point the only thing that will hinder the purchase going ahead is the SP. For it to move in this current climate from around 3c to 5c is a very big ask.
CT...what possibly do you think they could have up their sleeve that could save this deal?
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Currently unlisted. Proposed listing date: APPLICATION WITHDRAWN ON 28 MARCH 2024
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