FSE 0.00% 0.5¢ fuse minerals limited

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Currently unlisted. Proposed listing date: APPLICATION WITHDRAWN ON 28 MARCH 2024
  1. 139 Posts.

    How many shares will FSE have on the register after the issue of another 500 million?

    Current shares on issue: 1,355 million
    It is the market cap that matters more than the registry size. FSE market cap of $65 million (at 4.8 cents) is tiny for a company with the coal resource it is sitting on and growth prospects (assuming BFS is a done deal as many are saying).

    In any case, AJLD is spot on when he says consolidation, if it does happen, shouldn't adversely impact share value if the story is right and the growth momentum is in place, which we all hope the next week or two will confirm to be the case (i.e. finalising JV, locking in BFS funding etc). In which case this baby should fly.
 
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