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1.28%

77.0¢ red hawk mining limited

But during that time, we might get an offer from Chinese, 10...

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11/05/15

13:36

Post #: 15255132
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Originally posted by Chops001 ↑

The more I think about this, the more I realise how bad this deal is. Todd don't even have to decide whether to buy the project until December next year (another year and a half) and even after that they can keep extending (so, why would the share price rise in the mean time? Certainly no hedge funds or fund managers will have any reason to buy in). Has FMS got rocks for brains?? So, say the IO price went back up close to $100, then sure, Todd will exercise the option and buy the project, cause there will be so much upside in it for them. But if the IO price doesn't move much or goes down, then they will cancel the option or extend it, and we will be sitting here left with nothing, because all the $10m payment will do is cover Board salaries and admin costs!
If IO price does right up again and we then want to do the project ourselves or sell it for much more than $55m, then will we be able to- no! Because we sold ourselves to someone who under the deal has nothing to lose but all to gain!

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But during that time, we might get an offer from Chinese, 10 cents per share, who know????

FMS Price at posting: 1.6¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 77.0¢		Change -0.010(1.28%)		Mkt cap ! $153.8M

Open	High	Low	Value	Volume
78.0¢	78.0¢	77.0¢	$7.875K	10.22K

Buyers (Bids)

No.	Vol.	Price($)
1	295	77.0¢

Sellers (Offers)

Price($)	Vol.	No.
85.0¢	10000	1

View Market Depth

No.	Vol.	Price($)
1	295	0.770
1	3820	0.740
1	5000	0.670
1	20000	0.660
1	10000	0.650

Price($)	Vol.	No.
0.850	10000	1
0.860	48332	3
0.870	16412	2
0.885	3999	1
0.890	9868	2

Last trade - 15.06pm 01/10/2024 (20 minute delay)

RHK (ASX) Chart

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