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New Floats ASX

Discussion in 'ASX Stock Chat' started by Gringotts Bank, Jul 29, 2016.

  1. Gringotts Bank

    Gringotts Bank

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  2. Gringotts Bank

    Gringotts Bank

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    BUMP!
    :thankyou:

    I've heard good things.
     
  3. pixel

    pixel DIY Trader

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    I have not.
    And reading the report, I find a number of red flags. ASX raising a few issues that need to be resolved, that's a mighty big one for me.
    Not saying it's dodgy, but definitely not for me.
     
  4. Gringotts Bank

    Gringotts Bank

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    Thanks.
     
  5. galumay

    galumay learner

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    Its a speculative resource play at best, there is no FA to be had. Probably better odds at the casino.
     
  6. pixel

    pixel DIY Trader

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    I find it also extremely unusual that you can't simply download the prospectus.
    It's only available by application - complete with name, email address, and daytime phone number.

    No, thanks.
     
  7. Gringotts Bank

    Gringotts Bank

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    How did you come up with your view without reading the prospectus?
     
  8. pixel

    pixel DIY Trader

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    I followed your link and then read subsequent ASX announcements.

    e.g. this one:

    FHM-IAT.png
     
  9. galumay

    galumay learner

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    Dont want to speak on behalf of Pixel, but from my point of view its not necessary to read the prospectus to realise its a speculative resource punt, therefore there is no point in FA as its not going to provide any meaningful insight - other than its not an investment grade opportunity! As I said head to the casino instead!
     
  10. skc

    skc Goldmember

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    Depends on how you define FA... there's no FA in the sense that any analysis on the financials will not yield any meaningful results... but FA for a mining explorer might include:
    - Macro outlook for the commodity in question
    - Quality of the assets - location, size, grade, depth, mining methods
    - Stage of development
    - Funding requirement and capital availability
    - Management track record etc

    If the prospective investor is not knowledgeable enough to assess these.. then the casino probably offers a more direct way to lose money... with better ambience.

    I said all these without having read the prospectus.
     
  11. galumay

    galumay learner

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    Yes, I was probably being a bit flippant.
     
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