RE:RE:More news from FTEI think you will find the CEO to be extremely tight lipped if he is in discussions rockplay! Thing is FTE have announced a fundraising today as there is to be a rights issue, subject to delisting from their secondary market in Australia being approved by the regulators, and they have also raised quite a bit of cash last year.
They might however need a placing, alongside the rights issue, to raise sufficient capital but they have never had a problem with that in the past and the new broker has a good track record of raising cash for companies in the sector according to today's news release. The lack of any announcement here about the resource does suggest to me that they are in talks, but I am frankly just amazed at the lack of interest and volume.
I guess we are just off the radar.