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!
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Last
78.0¢ |
Change
0.040(5.41%) |
Mkt cap ! $155.8M |
Open | High | Low | Value | Volume |
78.5¢ | 78.5¢ | 78.0¢ | $1.272K | 1.63K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5832 | 74.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
79.0¢ | 551 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5832 | 0.740 |
1 | 2075 | 0.730 |
1 | 200 | 0.700 |
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 - 16.10pm 09/08/2024 (20 minute delay) ? |
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