Absolutely spot on Balian. People don't seem to realize that 30c per share is neither cheap nor expensive. It's irrelevant. The only reason that it's 30c is because of the huge number of shares outstanding. The offer is for $554m and that is the only thing that's relevant. Too many shares has always been the limiting factor at FMS and would only get worse as they raised more capital to take it to mining. If there were say 600m shares instead of 1800m the offer would be 90c per share. Fast forward 5 years from now... The mining boom will be over. Take your profit and be grateful you had a win.
Absolutely spot on Balian. People don't seem to realize that 30c...
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Last
78.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $156.8M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | 75.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.0¢ | 573 | 3 |
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