FMS 42.9% 5.0¢ flinders mines limited

Macquarie Struggled with Flinders Mines AFR

  1. 332 Posts.
    has an “underperform” on Flinders Mines (FMS) and a price target of 1¢.

    “We struggle to see how FMS secures funding for its mine and port development for the PIOP [Pilbara Iron Ore Project] in the current iron ore price environment.

    “Furthermore, the quality of the resource is well below benchmark both in terms of grade and impurity levels and remains a key risk to the project.”
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Mkt cap $121.9M
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3.5¢ 5.4¢ 3.5¢ $154.2K 3.686M

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1 25000 4.3¢

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5.0¢ 164286 1
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