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.
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82.5¢ |
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Mkt cap ! $164.8M |
Open | High | Low | Value | Volume |
82.5¢ | 82.5¢ | 82.5¢ | $1.592K | 1.93K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 75.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
83.0¢ | 2100 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 0.750 |
1 | 25 | 0.740 |
1 | 1493 | 0.670 |
1 | 20000 | 0.660 |
1 | 10000 | 0.650 |
Price($) | Vol. | No. |
---|---|---|
0.830 | 2100 | 1 |
0.885 | 4999 | 1 |
0.890 | 9868 | 2 |
0.910 | 20000 | 1 |
0.950 | 915 | 1 |
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