Hera I've watched the top 20 for over a year. The Chinese could launch a bid anytime (which would be succesful) and in my opinion they will when they believe the time is right. Fawden is value addng to this company at a great rate of knots. IMO the company is seriously undervalued by the market. The Chinese are not funding the sand minng operation to give the long term profits to us shareholders. I think an offer will come sooner than later.Right now they need Austalian expertise and so they wait but methinks not for long.
fawdons outlook, page-4
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Last
2.4¢ |
Change
0.001(4.35%) |
Mkt cap ! $117.9M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.4¢ | 2.4¢ | $5.516K | 229.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 130342 | 2.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 1036000 | 2 |
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| DRX (ASX) Chart |