I believe there is value here.
IMO FRS is susceptible to a TO at a relatively low premium to current share price.
Just my thinking but someone like AGO could get this close to $1 - 1.20 I bet.
Fits with the consolidation story in the mid-tier iron ore space.
UMC gone, AXO gone...FRS could well be next. Cheap way to add big tonnes.
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 (20min delay)
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Last
21.0¢ |
Change
0.010(5.00%) |
Mkt cap ! $76.55M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.0¢ | 20.0¢ | $113.6K | 560.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 41415 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 56774 | 4 |
View Market Depth
| Last trade - 12.00pm 12/09/2025 (20 minute delay) ? |
| FRS (ASX) Chart |