So sit at your dinner table and put a 100 dollar bill on the table and next to it put two 20 cents coins and ask yourself if that is a fair deal.
and along with those two 20c pieces put the equivalent of cashflow required to put FMS into production - build a line because aside from much speculation here nothing has eventuated in regards to access, build the plant, administration, acomodation, purchase the mobile equipment, secure wharf space & unloading/loading facilities, locos certainly aren't cheap. Of course it could all be done but whats the dilution to shareholders current holdings by going it alone ? & how long until you will recieve any kind of dividend or return on the investment ? i guess at that point time value also comes into it - what could the cash be doing over the next 3-5 years ?
Weigh it anyway you like but simply comparing $1t to current $0.40t without any further thought is really pretty far reaching - reality is the current place of value is probably not to far off what is fair & reasonable for the resource based on what is needed into the future to extract & put it to market.
Don't forget none of you are loosing money here the takeover is at a price FMS has never even traded at prior to the offer.
Good luck to all holders though & congratulations to those that have had the patience to see it right through.
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Last
77.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $154.8M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25 | 69.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
82.5¢ | 2999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25 | 0.690 |
1 | 1000 | 0.680 |
1 | 2000 | 0.650 |
1 | 10000 | 0.630 |
1 | 20000 | 0.500 |
Price($) | Vol. | No. |
---|---|---|
0.825 | 2999 | 1 |
0.830 | 26723 | 1 |
0.835 | 5942 | 1 |
0.840 | 13496 | 3 |
0.845 | 14500 | 1 |
Last trade - 16.14pm 15/11/2024 (20 minute delay) ? |
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