The share price has weakened. ASX release just trying to keep the share price up so that when they do a capital raising they have some value left in the shares.
Have spent around $3 million in the past 2 months -was $16.1 million at end of June and now just over $13 million.
Suspect that there would be a few nervous smiles in the FMS office. At some stage if nothing happens then someone would push the panic button and there would be a couple of executives looking for work.
It would be difficult to sell a good story in this market. If iron ore prices continue to weaken and you then plug in lower numbers into a feasibilty study then it may show a asset that could sit dormant until someone buys it through a fire sale.
FMS Price at posting:
8.8¢ Sentiment: None Disclosure: Not Held
