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.
The share price has weakened. ASX release just trying to keep...
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Last
75.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $149.8M | |||
| Open | High | Low | Value | Volume |
| 75.0¢ | 76.0¢ | 75.0¢ | $7.462K | 9.894K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7035 | 74.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 76.0¢ | 12268 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RHK (ASX) Chart |