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4.97% 84.5¢ red hawk mining limited

Ann: Response ASX Aware Query, page-14

  1. Spekulator
    1,001 Posts.
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    18/12/20
    10:29
    Post #: 49674545
    Dear FMS board
    Re: Response to ASX Aware Query:


    "A reasonable person might believe that since FMS does not currently produce nor sell any iron ore, that any movement in the price of iron ore has no material impact on the company cashflow, profit and loss nor arguably the balance sheet"

    Significant evidence over the previous 2 years illustrates that the FMS SP has in fact declined whilst IO prices have increased...
    FMS Price at posting: $1.09 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 9  Great analysis
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