Firstly, this is a farmin with a minimum spend of $3m plus a small placement, not an acquisition. Secondly, it is a fundamentally different style of mineralisation in a different state, at a different stage. This is suggesting that the other 150 or so ASX listed exploration companies with a comparable market cap have no value because FMG didn't do a deal with them either.
By this logic, my house in Perth has no value because someone else rented an apartment in Sydney.
Lipstick on the Pig?, page-20
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Last
13.0¢ |
Change
0.025(23.8%) |
Mkt cap ! $22.72M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 13.0¢ | 11.5¢ | $53.31K | 446.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 73720 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 90913 | 3 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| COD (ASX) Chart |