RHK 0.67% 74.0¢ red hawk mining limited

240 million market cap. is that correct, page-38

  1. 3,555 Posts.
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    Forget about the diamond upside. Diamonds are the toughest game in town - finding them first of all then making a decent buck out of it. KIM is the prime example - could not make a go of it despite the quality of their mine so sold out to a T/O. FMS management have been chasing diamonds for years with no success, so crazy to persist with it. DUMP the diamonds and go with the iron ore!

    At a diluted market cap of $280m FMS is over-valued, regardless of the potential bluesky. Time to sell IMO and take your profits. Buy back in once they have delivered upon some of the potential through drilling and resource definition.
 
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Mkt cap ! $147.8M
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74.0¢ 74.0¢ 74.0¢ $239 323

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1 234 74.5¢
 

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79.0¢ 551 1
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