Forget about the diamond upside. Diamonds are the toughest game in town - finding them first of all then making a decent buck out of it. KIM is the prime example - could not make a go of it despite the quality of their mine so sold out to a T/O. FMS management have been chasing diamonds for years with no success, so crazy to persist with it. DUMP the diamonds and go with the iron ore!
At a diluted market cap of $280m FMS is over-valued, regardless of the potential bluesky. Time to sell IMO and take your profits. Buy back in once they have delivered upon some of the potential through drilling and resource definition.
240 million market cap. is that correct, page-38
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Last
80.0¢ |
Change
-0.030(3.61%) |
Mkt cap ! $159.8M | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 83.0¢ | 78.0¢ | $50.76K | 62.77K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23954 | 70.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 3109 | 1 |
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| Last trade - 15.40pm 19/11/2024 (20 minute delay) ? |
| RHK (ASX) Chart |