I asked the questions at the agm. It seems as if the main focus is production first before more drilling on El Dorado.They also said to achieve the 60+% iron ore grade will require more money for better equipment, this is why we are not getting paid heaps for our ore at this time. They also said that if and when we can achieve the production of the 62% grade that is when the big money will come in but for now just getting a kick-start with moving our product is the main focus.I for one wouldn't mind them doing what they are doing but once we do see some good revenue either do another drilling campaign to increase share price and then perhaps do a capital raise to buy the better equipment needed for a high grade finish product that is worth more on sale.We have a 5,000 tonne limit per month and that is the same for a lower grade and worse sell price or a high grade with better sell price. Only difference is how good the quality we can make it for sale.
- Forums
- ASX - By Stock
- FHS
- Ann: A$400,000 Convertible Securities Investment by Obsidian
Ann: A$400,000 Convertible Securities Investment by Obsidian, page-37
-
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FHS (ASX) to my watchlist
|
|||||
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.39M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 8936154 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 4112406 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 8936154 | 0.005 |
5 | 2700248 | 0.004 |
3 | 3800000 | 0.003 |
3 | 1700499 | 0.002 |
1 | 2400000 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 4112406 | 4 |
0.007 | 1970287 | 9 |
0.008 | 2376543 | 2 |
0.010 | 3002000 | 3 |
0.011 | 1090999 | 3 |
Last trade - 16.12pm 03/09/2024 (20 minute delay) ? |
Featured News
FHS (ASX) Chart |
Day chart unavailable