FMG did have a plan and it sounded very much like jcoulters'. I was in FMG when it was at 44c and it rocketed to $5 with an announcement that the chinese had signed an agreement. However, FMG did have a JORC under their belts to sell. Some say "we don't need a jorc before we start thinking about the next step", I don't agree. Without the jorc FMG would not have gotten the chinese interested. Without a jorc FMS just has a lot of pretty scenary. What price would you place on a jorc resource compared to a non-jorc one?
Once the jorc is in and its of decent quality (approx.60%) then watch all the big players start talking. Until then FMS are going to have to fund the jorc themselves.
I'm a long term holder, I'm not letting this one get away like I did FMG.
Cheers
CD
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74.0¢ |
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Mkt cap ! $147.8M |
Open | High | Low | Value | Volume |
79.5¢ | 79.5¢ | 74.0¢ | $3.072K | 3.919K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 280 | 74.0¢ |
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Price($) | Vol. | No. |
---|---|---|
80.0¢ | 4936 | 2 |
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No. | Vol. | Price($) |
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1 | 2075 | 0.730 |
1 | 15151 | 0.660 |
1 | 10000 | 0.650 |
2 | 65000 | 0.530 |
Price($) | Vol. | No. |
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0.800 | 4936 | 2 |
0.820 | 540 | 1 |
0.830 | 10355 | 1 |
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