FSE 0.00% 0.5¢ fuse minerals limited

Without question the dilution has been factored in to the...

Currently unlisted. Proposed listing date: APPLICATION WITHDRAWN ON 28 MARCH 2024
  1. 644 Posts.
    Without question the dilution has been factored in to the current price - that is one of the reasons I was so keen to highlight it over the past few weeks.

    If Sekoko are on the record as saying they will not inject more cash in to the project, moreso the new deal indicates they will in fact be taking cash out of Firestone, that doesn't really help the company one bit.

    Fully diluted, this is starting to look ugly from a corporate structure, 3bn shares on issue, 260m options -

    On top of that FSE now have a major shareholder that just wish to sit tight and not support the company financially.
    In the current climate, if the major shareholder of the company won't support them, why would any other institution ?

    This needs to be addressed sooner rather than later or I really fear for you guys holding the stock.
 
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