if FRG have some 70 million shares fully diluted, and they are trading at $1.20 (market cap $84 mill)
They own some cattle country in NSW and have $ 3 million
or so in the bank ( 4 cents a share assett backing)
The crown deal is out in the public forum now for some weeks, and their sp is at $1.20 does it not stand to reason that the frg shareholders value the crown deposit at at least 3 times what they have offered, and with the risk of missing out entirely obviously way higher .
maybe the land they own in nsw is the next Pilbara
I think if this deal gets knocked back by lyc share holders we will see exactly what price the prospects in nsw are worth
what value is frg placing on crown
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Last
$8.09 |
Change
0.070(0.87%) |
Mkt cap ! $7.561B | |||
| Open | High | Low | Value | Volume |
| $8.15 | $8.27 | $8.08 | $35.31M | 4.353M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7192 | $8.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.10 | 4833 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |