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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240 million market cap. is that correct, page-38
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Last
74.0¢ |
Change
-0.005(0.67%) |
Mkt cap ! $147.8M |
Open | High | Low | Value | Volume |
74.0¢ | 74.0¢ | 74.0¢ | $239 | 323 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 234 | 74.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
79.0¢ | 551 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 234 | 0.745 |
3 | 6032 | 0.740 |
1 | 2075 | 0.730 |
1 | 10000 | 0.650 |
2 | 65000 | 0.530 |
Price($) | Vol. | No. |
---|---|---|
0.790 | 551 | 1 |
0.800 | 4936 | 2 |
0.820 | 540 | 1 |
0.830 | 10355 | 1 |
0.870 | 3999 | 1 |
Last trade - 10.06am 08/08/2024 (20 minute delay) ? |
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