Great post. Completely agreePatience is required with this one....

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keithdav

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14/11/22

08:59

Post #: 64749255
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Originally posted by maxkieh: ↑

I didn't mean it in the extreme sense (and also did not say "never"). We are not talking about a mature business/industry. In general, the point of being a shareholder is owning part of cash-generating machine. If that cash-generating machine can invest in itself at a high IRR: it definitely makes sense to invest further in that machine (rather than taking back money). Reinvestment makes sense until the busniess runs out of very high-IRR investment opportunities.

FDV owns a few businesses that are eary in their life cycles => need CAPEX and coverig operating costs. And economic condiions are ripe for acquisition opportunities. From what I have seen recently, one cannot count on market for funding even wonderful aquistion opportunities (as people mix share price perfromance with business performance and blame the management for the former while latter is good: I can give you quite a few examples).

So I would rather "the majority" of money to stay with Shaun (for CAPEX and acquisition opportunities) Although a bit of buy-back (partial acquisition of our own assts) could be good too (given their undervaluation). It seems to me that there is plenty of time to get money back from this business.

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Great post. Completely agree

Patience is required with this one. And will likely be rewarded in time. Let's see

FDV Price at posting: 74.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 30.5¢		Change 0.000(0.00%)		Mkt cap ! $132.8M

Open	High	Low	Value	Volume
30.5¢	30.5¢	30.5¢	$1.219K	3.996K

Buyers (Bids)

No.	Vol.	Price($)
4	51640	30.5¢

Sellers (Offers)

Price($)	Vol.	No.
31.0¢	13000	5

View Market Depth

No.	Vol.	Price($)
4	51640	0.305
6	108925	0.300
1	616	0.295
3	22104	0.290
1	5000	0.275

Price($)	Vol.	No.
0.310	17963	6
0.315	616	1
0.320	25000	1
0.325	31149	3
0.330	9275	2

Last trade - 12.45pm 31/07/2025 (20 minute delay)

FDV (ASX) Chart

Great post. Completely agreePatience is required with this one....

Traders watch with interest as St George Mining reveals REE hit

Sun Silver unveils Maverick Springs assay results

Metal Hawk shares sink -50% as gold drill results disappoint

Investors shrug as Wildcat's latest lithium drill hits fail to excite

HotCopper Trends: Final day of quarterlies; Larvotto FID & more

Featured News

Buyers (Bids)

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Great post. Completely agreePatience is required with this one....

Top Stories

Traders watch with interest as St George Mining reveals REE hit

Sun Silver unveils Maverick Springs assay results

Metal Hawk shares sink -50% as gold drill results disappoint

Investors shrug as Wildcat's latest lithium drill hits fail to excite

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Buyers (Bids)

Sellers (Offers)

Featured News