Two things that have me undecided with this stock are;
negative
1) With increased load placed on existing infrastructures, how does FMS plan to get their ore to port? My belief is infrastructure is nearly as important as the ore itself these days. With a government more interested in royalties and fattening their pockets rather than spending serious cash on Road, Rail and Ports leaves small players to foot the bill. In which case what level of cap raising will be required for FMS to get their ore from the location it is at to port? Correct me if I am wrong but how far is it to the nearest train station?
positive
2) Does anyone know of the consequences of forcasting targets and not achieving them? I was informed that if a company does say they have "X" amount of ore or date they intend to obtain it and dont reach that target then there is legal options for shareholders to persue?? In which case after the promises that FMS have made the SP is a bargin if you have a good lawyer. ;)
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Last
81.0¢ |
Change
0.010(1.25%) |
Mkt cap ! $161.8M |
Open | High | Low | Value | Volume |
80.0¢ | 84.0¢ | 80.0¢ | $25.65K | 31.00K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 161 | 81.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
83.5¢ | 29996 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 161 | 0.810 |
2 | 627 | 0.800 |
1 | 1 | 0.795 |
1 | 1 | 0.790 |
1 | 4339 | 0.780 |
Price($) | Vol. | No. |
---|---|---|
0.835 | 29996 | 1 |
0.840 | 1496 | 2 |
0.850 | 10000 | 1 |
0.860 | 47991 | 2 |
0.870 | 10000 | 1 |
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