In fact I felt the deal is really tweaked in favour of FBM, full control and absolutely no cash drain and even if LSR goes ahead and encash the shares in open markets it will easily be absorbed by the market in a couple days as most of it got escrowed.
More importantly FBM is getting a) 100 control, b) 1.5mil extra for drilling in a year from earlier Ni asset sale (which otherwise would have gone to LSR's kitty) c) Easier to deal with sorrowing tenements applications/applied for extension.
In fact I felt the deal is really tweaked in favour of FBM, full...
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Last
3.5¢ |
Change
0.001(2.94%) |
Mkt cap ! $23.18M | |||
| Open | High | Low | Value | Volume |
| 3.5¢ | 3.5¢ | 3.4¢ | $31.91K | 922.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8525 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 86875 | 2 |
View Market Depth
| Last trade - 14.49pm 14/06/2024 (20 minute delay) ? |
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Last
3.5¢ |
Change
0.001 ( 2.94 %) |
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| Open | High | Low | Volume | ||
| 3.5¢ | 3.5¢ | 3.5¢ | 310777 | ||
| Last updated 14.49pm 14/06/2024 ? | |||||
| FBM (ASX) Chart |