To put it in even simpler words, the company is splitting in 2 companies, as FMS= iron business, FEX=gold copper etc.
if you own FMS, you get a chance to join their IPO (initial purchase offer), but i will say IPO=rip off, becoz once FEX become a tradeable stock the sp will drop like a rock they always do, i dont care what people said, if you buying on ipo, you got rip off, the same goe with capital raising.
People are upset about it because FMS originally was an exploration company that involved in diamond, copper, gold etc... the reason FMS is now heavily in IRON well coz they found heaps of it and are jealous that they sold a tenament to FMG and look what happen to FMG.. yeah baby u guess it... they got rich.
Hence FMS is trying to get rich by ripping off people by selling them snow in winter. GOT it?
To put it in even simpler words, the company is splitting in 2...
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Last
75.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $149.8M | |||
| Open | High | Low | Value | Volume |
| 75.0¢ | 76.0¢ | 75.0¢ | $7.462K | 9.894K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7035 | 74.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 76.0¢ | 12268 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RHK (ASX) Chart |