FSN fusion resources limited

Certainly is under the radar.The co. is currently valued at...

  1. sigmadelta
    10,295 Posts.
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    02/12/08
    20:34
    Post #: 4565888
    Certainly is under the radar.

    The co. is currently valued at A$11m, vs A$14.8m of cash at the end of Q1 at a burn rate of 1.5m/q (so probably 13m cash now) and Paladin are offering $18m.

    Why are the directors happy to give away the enterprise value of the co. for $5m? They must have spent at least that much on exploration work. Not a good return on investment for investors, I'd be up in arms over this if I was a shareholder.
    FSN Price at posting: 23.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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