Certainly is under the radar.
The co. is currently valued at A$11m, vs A$14.8m of cash at the end of Q1 at a burn rate of 1.5m/q (so probably 13m cash now) and Paladin are offering $18m.
Why are the directors happy to give away the enterprise value of the co. for $5m? They must have spent at least that much on exploration work. Not a good return on investment for investors, I'd be up in arms over this if I was a shareholder.
FSN
fusion resources limited
