FSE 0.00% 0.5¢ fuse minerals limited

up on the sa stockmarket, page-4

Currently unlisted. Proposed listing date: APPLICATION WITHDRAWN ON 28 MARCH 2024
  1. 921 Posts.
    lightbulb Created with Sketch. 12
    FSE didn't rise today on the ASX, the JSE equivalent is AU1.4 cents... not really earth shattering when one considers it has traded much higher than that for most of the year.

    I'll be keen to see it rise on a volume of 60 million shares+ .... that might make a reason for a headline. We haven't seen more than $75k turn over in a day since mid September.. generally low volume ` $15k's worth in a day...

    On a better than average day this year,5 million FSE shares or 0.02% of the total shares in the company are traded.... back in 2007 we once saw 100m shares traded (and up around 7cents 0r 7 million bucks worth!) while there were only 600m shares on the register (25%!) How things have changed! For a company with 3 billion shares, one would normally expect it to be a little more liquid.

    Compare it to a company like EGO; similar number of shares - today was a bad day for EGO; only 16million shares traded, In contrast, when FSE cracks past 10million volume and it makes a historic day of the year on the FSE yearly chart.

    I'll know when something worthwhile happens here when we crack some decent volume. To match the rough $7mill volume of a day mid 2007; assuming we soon meet an optimistic avg trade of 2 cents we would need to turn over 350million in intraday volume. That might be newsworthy.

    Hope a pleasant big bang is waiting around the corner for FSE holders.

    Regards

    CT









 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.