RHK 0.00% 81.0¢ red hawk mining limited

fmsoa similar to mxro

  1. 727 Posts.
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    both FMS & MXR are run by same key people.

    MXR went up prior to expiry of MXRO (ie 30 June 2008)and has since been down (last price 11c) - despite some positive drilling results.

    I suspect FMS may suffer a similar fate

    i.e.
    (1) prices to stay barely above 10c to entice option holders to exercise options;
    (2) some exploration results to try to push up share prices (but if it does go up, it is unlikely prices will go up significantly higher due to negative sentiment in the whole market);
    (3) most likely FMS will drift down by 40% to 50% to 6c (eg MXR has drifted down to 11c from 21c despite some positive exploration results).

    What do others think?



 
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