Western Australia based Firestone Energy (ASX: FSE) has responded to an ASX price and volume query, stating it is not aware of any information that has not been announced which could be material to the share price.
Firestone shares yesterday hit an intra-day high of $0.031, up from $0.022 on Thursday 23 September.
The company did however mention recent announcements may have increased investor interest, these included:
- Updated progress of the Bankable Feasibility Study (BFS) which is due shortly;
- Ongoing and incomplete negotiations with cornerstone investor(s); and
- Ongoing and incomplete negotiations with third parties regarding an offtake agreement.
Firestone said all three items are in various stages of maturity and in the case of the BFS, results are anticipated shortly and will be announced to the market once they are available and final.
In other Firestone news, Amanda Matthee has tendered her resignation as a director and left the company at the close of business last night.
Sizwe Nkosi will replace Matthee and has been appointed as executive director finance, with effect from 3 November 2010.