I personally think they have done alright with this capital raise. They have raised at the active share price plus if you read the other announcement we are acquiring another site for the waste material and this will reduce transport cost by 40% and that is the largest expenditure. Its what I had hoped they would do and get the production costs down. To have a 40% cost reduction will push us into profit and do wonders to get free cash flow happening to then work on the magnetite structures. It is a lot of new shares but I would hope this is the last capital raise unless we are acquiring more land or machinery.
FHS Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)