Looking at it another way for argument sake if FFG became insolvent, administrators would liquidate its assets to pay creditors. Minerium is an asset of value to the company, hence it provides inherent value and is reflected in investor decisions, MC and SP.
Dated 8 January 2021 from the companies website
https://www.fatfish.co/project/fatf...-to-benefit-from-uptrend-of-cryptocurrencies/
Reuters consistently correlating BTC price to FFG SP
https://www.stockopedia.com/share-p...n-urn:newsml:reuters.com:20210104:nL4N2JF0TQ/
Looking at it another way for argument sake if FFG became...
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Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.91M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.7¢ | 1.5¢ | $21.27K | 1.322M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1163227 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 2274016 | 4 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
1.5¢ |
Change
0.000 ( 6.25 %) |
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| Open | High | Low | Volume | ||
| 1.6¢ | 1.7¢ | 1.5¢ | 1399704 | ||
| Last updated 15.49pm 03/05/2024 ? | |||||
| FFG (ASX) Chart |