Seems like FMS is start moving now. Rio's CEO mentioned about acquisitions targeted carefully small or medium miners. He mentioned Iron ore market will still be tight. FMS is next to RIO and only 19kms far from railway line. FMS has huge potential to increase reserves of Iron ore including Canegrass area. now they are planning to start drilling. We will know by end of QTR3 2011 of median resources. They are planning to starts up 15mils instead of 5mils a year. All looks good and promising. Very possible take over target by big boys. Market doesn't aware much of this potential. But very soon, we might hear something. Good luck guys.
we might here something very soon
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Last
87.0¢ |
Change
0.045(5.45%) |
Mkt cap ! $173.8M | |||
| Open | High | Low | Value | Volume |
| 83.0¢ | 87.0¢ | 83.0¢ | $14.11K | 16.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | 75.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 87.0¢ | 6526 | 1 |
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| Last trade - 14.40pm 09/09/2024 (20 minute delay) ? |
| RHK (ASX) Chart |