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83.0¢ red hawk mining limited

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Singa71

517 Posts.

05/05/16

09:39

Post #: 17681730
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Originally posted by Amused observer ↑

Don't disagree with any of that at all as much as it may not sit well with some in here. Here is something else to consider.

TIO leaves it's 1.3 cent per share off-market offer (and on-market buy-up by Patterson Securities) on the table for the remainder of the maximum period of 12 months with a monthly renewal each time.

In the meantime it chases Arrium, and if it secures it then it gets the mine with ore, the steelworks, the port infrastructure, existing clients domestically and internationally and continue to export to China with Shandong tucked away in there as well. All for $1.5Bn plus some government funding assistance and throw some cash in to wipe out the debt of $2Bn. All up $3.5Bn - that's about the same as the full blown Balla Balla FMS project. Keep the 20% stake in FMS and leave the low-ball offer open and do nothing for now or the next 12 months and focus on Whyalla.

FMS has its 3rd party deal's of course so no risk for FMS and if you don't think its true ring the boss, as is stated here so often in case people forget the single source of truth is always at the top of the pile.

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FMS Price at posting: 1.5¢ Sentiment: Hold Disclosure: Held
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Last 83.0¢		Change -0.020(2.35%)		Mkt cap ! $165.8M

Open	High	Low	Value	Volume
84.0¢	84.0¢	81.3¢	$13.56K	16.35K

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No.	Vol.	Price($)
2	1612	80.0¢

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Price($)	Vol.	No.
83.0¢	4000	1

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No.	Vol.	Price($)
2	1612	0.800
1	4339	0.780
1	5000	0.670
1	10000	0.650
0	0	0.000

Price($)	Vol.	No.
0.830	4000	1
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