There must be a Capital Raising nearly for FMS - see extracts below on cash from ASX releases.
FMS available funds of A$23.6 million at 31 December 2011.
FMS available funds of A$20.0 million at 31 March 2012.
FMS available funds of A$16.1 million at 30 June 2012.
On the 4th Sept 2012 - Cash at bank currently stands at A$13.5m with cash expenditure carefully controlled.
The current share price around 8.6 to 9 cents doesn't look good for a capital raising as I would assume a discount to these prices. Unless something happens real soon FMS shareholders may see an ongoing decrease in value of their shares. In this market it is real hard to sell a story that you require at least $1.1 billion to mine a iron ore deposit that won't make any money when you bring the capital costs into account.
capital raising coming
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