FHS 0.00% 0.8¢ freehill mining limited.

Ann: Trading Halt, page-14

  1. 264 Posts.
    lightbulb Created with Sketch. 57
    Yeah they said at the AGM that it might be 10,000 but the year before it was only 5,000 and we had spent the whole year pretty much in suspension. So I don't see why I would have changed. Plus I don't know if anyone remembered that a couple of years ago they stated that their is only 2 large companies that you can really sell Iron ore to. It's because they have such a large monopoly in the area and have the shipping lines and ports.
    I can't remember the names of the companies but I do know that much.
    I don't have a share price target anymore. This market is just in to much turmoil to have any targets.
    I think if we can continue to increase sales and get moving on the iron ore then we could probably see 5c again by end of year maybe middle next year.
    That would put at us at around 150 million market cap.
    But who knows
    In a good market with low intrest rates and everyone has free cash flow we would probably be at 5c again now.
    But unfortunately times are getting hard.
 
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