I'm finally getting more confidence and less hope, as opposed to more hope and less confidence as before.
Like all holders I have been frustrated with just the odd sale coming through, but with the hoped for increased sales in China apparently becoming a reality it seems we could now be on the way.
The beauty of this stock is that it can scale by multiples over the next few years, with the SP following suit.
Not too many stocks on the ASX have the capability and show the same likelihood of this as FLC.
I can only think of two risks atm, 1) the product doesn't work as well as expected, or 2) they cannot fill orders fast enough to meet customer needs. The latter is really a constraint rather than a risk.
Having said that is has significantly de-risked in the last month or so and I added a modest quantity today.
Chart, page-4268
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $129.7M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.0¢ | $15.22K | 123.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 175663 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 23084 | 1 |
View Market Depth
| Last trade - 15.54pm 12/07/2024 (20 minute delay) ? |
| FLC (ASX) Chart |