FNT is sitting on about $8.5m with the JVs being paid for by OK Tedi so cap raising seems very unlikely. Take over is a possibility for sure but it seems to me more likely that it is someone trying to accumulate a few cheap shares before the results come out. Boy1 thats a bit disappointing to me that Peter would let you know that he doesnt have the results yet while leaving other holders in the dark, I really think he should make an announcement now as that seems like market relevant information to me.
next 6 trading day timeline for fnt, page-56
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Last
0.4¢ |
Change
-0.001(11.1%) |
Mkt cap ! $9.774M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $3.402K | 850.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 8437376 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 17986611 | 24 |
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| Last trade - 15.13pm 15/07/2024 (20 minute delay) ? |
| LNR (ASX) Chart |