Hi fitnfam, see by your post you are getting over the flu.
Your point on Stone attempting to get a revised independent valuation as an unwilling seller is valid (for what it is worth my calculations indicate they are over the revised 10% stake).
Believe Stone Mining is a private Hong Kong company not listed on any stock exchange, whereas Stone Resources (bit like a twin brother) is listed on the TSX - common link is Stone Group Holdings, also a private Hong Kong company.
There are several strategies available to FML in moving forward and dealing with what could be termed the Stone issue, however these are dependent on how Stone signals its intentions.
Think we will have to wait a bit to see how this plays out.
Hi fitnfam, see by your post you are getting over the flu.Your...
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Last
14.0¢ |
Change
-0.025(15.2%) |
Mkt cap ! $40.11M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.0¢ | 14.0¢ | $34.69K | 242.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 132799 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 4616 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FML (ASX) Chart |