The sell block between 23-25c, including some individual large holdings, is killing off any chance of the SP actually reflecting the obvious potential. I suspect instos, not retail. As at 05 Feb FLC was only shorted 0.04%, so its certainly not those seeking a quick turnaround/profit. Either someone is manipulating the price to keep it down, or hopefully they run out of stock sooner rather than later. Looking at the company, I cannot see how this is not 50-80c currently. Sure, they carry some debt, balanced out by plenty of promise in a clear growth area. No Asian country is going to want to build massive water treatment plants, especially in difficult terrain. So much easier to keep the masses happy with a shipping container or two.
Water in 2050 will be like oil in 1920.
I really want to buy this guy....but wonder what we dont know.
Chart, page-7951
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Last
13.0¢ |
Change
0.005(4.00%) |
Mkt cap ! $140.5M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.5¢ | 12.5¢ | $67.94K | 521.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 1335000 | 4 |
View Market Depth
| Last trade - 12.57pm 29/07/2024 (20 minute delay) ? |
| FLC (ASX) Chart |