Happy reading this announcement - FML does not think Nanking's second offer is superior than HRZ's!
And rightly so.
Once the deal is completed, HRZ with the mill refurbished plus consolidated Coolgardie tenements + Boorara being mined at full-tilt -> watch FML's $12 million worth of HRZ's shares grow to become > $100 million by 2021. These shares plus $43 million cash = $143m. How can a cash deal of $56m - $65m possibly beat this?
My humble opinion.
Ann: FML: Response to Hanking's NBIO for the Coolgardie Gold Proj, page-9
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Last
3.7¢ |
Change
-0.001(2.63%) |
Mkt cap ! $41.38M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 3.8¢ | 3.7¢ | $3.883K | 102.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 192829 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 200000 | 1 |
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| Last trade - 15.20pm 11/07/2024 (20 minute delay) ? |
| HRZ (ASX) Chart |