CAPITAL MARKETS

FRMG sits on cash pile

ALMOST 18 months on from raising almost A$3.9 million for exploration, the Australian Securities Exchange has pressed Fraser Range Metals Group to explain why it still has most of the cash in its coffers, and why its directors seem to have benefitted while exploration waned.

Haydn Black
FRMG sits on cash pile

The company was recapitalised in 2013 in the aftermath of the Nova-Bollinger copper-nickel discovery and after almost two years of back and forth looking to square away a deal in late 2015 agreed to purchase...

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