Just crunched some numbers
5/2/19 (SP=11.5c) FBR signs MOU (45 days)
7/2/19 (SP=13.5c)
MOU = SP has a 17% increase or +$24M Market Cap
25/2/19 (SP=13c) FBR Raises $17M @ 10.5c (13% dilution)
18/2/19 (SP=10c)
CR = SP has 23% decrease or -$21M Market Cap
20/3/19 (SP=10c) FBR extends MOU (45 days)
25/3/19 (SP=7.8c)
MOU extension = SP has 22% decrease or -$21M Market Cap
Market Cap Summary:
MOU: +$24M
CR: $17M raise = $21M loss ($4M oversold)
MOU Extension: -$21M
The MOU has lost 87.5% ((21÷24)×100) of its market value since the extension - Currently the MOU is almost worth nothing in terms of the current Market Cap.
When we got the MOU we were 45 days out but up $21M
We are still 45 days out but only up $3M
Thats an very emotional market response to the extension and i personally believe we are Fundamentally oversold by $21M
Discount what you want in terms of uncertainty
Just crunched some numbers5/2/19 (SP=11.5c) FBR signs MOU (45...
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Last
2.6¢ |
Change
0.001(4.00%) |
Mkt cap ! $115.4M | |||
| Open | High | Low | Value | Volume |
| 2.6¢ | 2.6¢ | 2.5¢ | $11.66K | 448.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 2520567 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 570044 | 3 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
2.6¢ |
Change
0.001 ( 1.96 %) |
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| Open | High | Low | Volume | ||
| 2.5¢ | 2.6¢ | 2.5¢ | 77669 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| FBR (ASX) Chart |