FSE
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0.00% 0.5¢ fuse minerals limited

appendix 3b forms, page-4

Currently unlisted. Proposed listing date: APPLICATION WITHDRAWN ON 28 MARCH 2024
  1. pluckster
    237 Posts.
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    30/01/11
    09:32
    Post #: 7809959
    Another thought!

    If we assume that the $A20.2m bank debt is secured against the, as yet, unconverted 643 million shares we can deduce that the bank is invested at an average price of 3.14 cents/share ( = 20.2/643 ).

    Stating the obvious! Friday's closing price of 2.5 cents (to buy) is cheaper than 3.14 cents so they are CHEAP at the moment........

    Time to top up............or maybe not.............

    DYOR
    FSE Price at posting: 2.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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