I don’t think it’s the acquisition that tanked the SP on Friday, rather cap raise at 5c. If it wasn’t for the CR announcement, price could have gone the other way.
Fundamentals of FEL still intact (save for spot IO price).
Still to make 3 shipments by end of next quarter at a hedged price. Market currently buying the IO dip, only a matter of time before we see significant recovery in price.
I don’t think it’s the acquisition that tanked the SP on Friday,...
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Last
1.3¢ |
Change
-0.001(7.14%) |
Mkt cap ! $17.35M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.3¢ | $13.90K | 1.069M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 13508597 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 1025237 | 4 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| CUF (ASX) Chart |