In all fairness, this is what the numbers really mean:
Falcon Metals IPO'd with 116,999,999 shares at $0.5/share for $58,500,000 (the exact amount they attribute to the exploration licences), and 60,000,000 shares for $0.5/share for $30,000,000.
-11/03/2022 8:08 pm Half Yearly Report and Accounts ASX:FAL.
Falcon reported:
-11/03/2022 8:08 pm Half Yearly Report and Accounts ASX:FAL
This $59,656,213 is from 1) Falcon giving ~$58,500,000 give or take (offset) considering the IPO costs and exploration costs etc, to Chalice as reported here:
-11/03/2022 7:05 pm Half Year Accounts ASX: CHN
This literally means the "market" value of the assets are $58,500,000. Plus $28,806,277 cash. This means the company has about $87,306,277 of value.
$87,306,277 / 177,000,000 shares, = $0.493/share.
They probably realised many retail investors/traders don't put in any effort and just read the headlines, so I think it is well timed before the results are released, to give one more shake of the tree before the diamond drilling results are released.
In full disclosure, I have orders to buy at various points in the market depth, and it is now the time to buy for me. I assumed this would occur and was 100% ready.
If the diamond drilling provides "high grade" hits then the exploration licences would be worth even more... soo.. let's see how this goes.
- Forums
- ASX - By Stock
- Ann: Half Yearly Report and Accounts
In all fairness, this is what the numbers really mean:Falcon...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAL (ASX) to my watchlist
|
|||||
Last
27.5¢ |
Change
0.010(3.77%) |
Mkt cap ! $48.67M |
Open | High | Low | Value | Volume |
25.0¢ | 27.5¢ | 25.0¢ | $70.29K | 264.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2518 | 27.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.5¢ | 25766 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2518 | 0.270 |
1 | 14557 | 0.260 |
1 | 17231 | 0.250 |
1 | 3800 | 0.240 |
2 | 17180 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.275 | 25766 | 2 |
0.280 | 41328 | 2 |
0.285 | 7840 | 1 |
0.290 | 19641 | 3 |
0.295 | 30000 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
FAL (ASX) Chart |