FMR 2.78% 17.5¢ fmr resources limited

Light Bulb Moment!!The market has figured out that unless there...

  1. 149 Posts.
    lightbulb Created with Sketch. 36
    Light Bulb Moment!!
    The market has figured out that unless there is a reversal of the trend this company's value is ZERO. As the BOD and CEO keep paying themselves big $.

    I am sure there a mathematical formula but I am not smart enough to figure this out. But this is how I would look at it.

    take last 2 quarters results and take into account the increased expenses, burn rate etc. At best 3 quarters with little hope of another cap raise unless at massive discount to current rate which will dilute even more and becomes very risky..... Who would in their right mind would back this horse.

    The BOD keeps asking my posts to be moderated, I wonder why? Free speech needs to prevail.
    Last edited by goget: 08/05/23
 
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Last
17.5¢
Change
-0.005(2.78%)
Mkt cap ! $3.484M
Open High Low Value Volume
18.0¢ 18.0¢ 17.5¢ $4.668K 25.96K

Buyers (Bids)

No. Vol. Price($)
1 20125 17.5¢
 

Sellers (Offers)

Price($) Vol. No.
18.0¢ 43485 3
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Last trade - 15.33pm 16/08/2024 (20 minute delay) ?
FMR (ASX) Chart
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