i suggest that all holders of this stock get a list together of all iron ore jr's.
once you have that list together then list down the following for each:
1. Market Cap
2. No shares on issue
3. cash holding on the balance sheet
4. actual reserves of FE
i think if you do this you might find that MC of FMS is still $40m above where it should be to be inline with the other stocks out there. that implies a $0.05 or there abouts price for FMS.
im not having a go at FMS, i just suggest you do the comparison for yourself and then with all the evidence in front of your eyes then make the value judgement for yourself.
what is it worth
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Last
75.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $149.8M | |||
| Open | High | Low | Value | Volume |
| 75.0¢ | 76.0¢ | 75.0¢ | $7.462K | 9.894K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7035 | 74.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 76.0¢ | 12268 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RHK (ASX) Chart |