I nearly choked on my weet-bix this morning when I saw 2b shares.
At 300m soi, FYI will have the same amount of cash as ADN once the 1.2c options are converted, approx $10m
After 12 months of being completely ignored by the market, FYI is slowly gaining traction now and imo will have a market cap closer to $150m-$200m before they draw on any capex. The GEM was signed when the market cap was $10m and I'm very confident more favourable funding arrangements and options will be available for this tier one project & I also 100% agree there's no competition between the ADN & FYI
Project CAPEX and Working Capital Comparisons, page-86
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Last
2.0¢ |
Change
-0.001(4.76%) |
Mkt cap ! $62.20M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.1¢ | 1.9¢ | $49.00K | 2.513M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2617961 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 20738 | 1 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| ADN (ASX) Chart |