RHK 2.50% 82.0¢ red hawk mining limited

fmsoa similar to mxro

  1. 732 Posts.
    lightbulb Created with Sketch. 2
    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?



 
watchlist Created with Sketch. Add RHK (ASX) to my watchlist
(20min delay)
Last
82.0¢
Change
0.020(2.50%)
Mkt cap ! $163.8M
Open High Low Value Volume
82.0¢ 83.0¢ 82.0¢ $1.746K 2.125K

Buyers (Bids)

No. Vol. Price($)
1 42 80.0¢
 

Sellers (Offers)

Price($) Vol. No.
81.5¢ 7842 1
View Market Depth
Last trade - 14.11pm 25/07/2024 (20 minute delay) ?
RHK (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.