if FRG have some 70 million shares fully diluted, and they are trading at $1.20 (market cap $84 mill)
They own some cattle country in NSW and have $ 3 million
or so in the bank ( 4 cents a share assett backing)
The crown deal is out in the public forum now for some weeks, and their sp is at $1.20 does it not stand to reason that the frg shareholders value the crown deposit at at least 3 times what they have offered, and with the risk of missing out entirely obviously way higher .
maybe the land they own in nsw is the next Pilbara
I think if this deal gets knocked back by lyc share holders we will see exactly what price the prospects in nsw are worth
if FRG have some 70 million shares fully diluted, and they are...
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.90 |
Change
0.090(1.32%) |
Mkt cap ! $6.449B | |||
| Open | High | Low | Value | Volume |
| $7.00 | $7.05 | $6.82 | $28.67M | 4.144M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11195 | $6.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.91 | 7697 | 2 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$6.91 |
Change
0.090 ( 1.28 %) |
||||
| Open | High | Low | Volume | ||
| $6.99 | $7.05 | $6.83 | 570464 | ||
| Last updated 15.59pm 15/05/2024 ? | |||||
| LYC (ASX) Chart |