It's quite shocking to see FIJ beaten down so badly. I was able to buy some more today. I couldn't resist buying at 1.2c.
Assuming the Leilo transaction does go through, the number of FPO shares would increase from 318m to 478m - equating to a market cap of approx. (AUD) $6m. Looks way undervalued to me.
I think the Leilo acquisition has 'company maker' written all over it, but it's delicately poised. Interesting times for FIJ.
FIJ Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
