'luvfootsies' i advise you to stick to your foot fetish and not comment on areas which you have little idea about.
FML is a profitable company, whose production opex/ capex are expected to remain stagnant while physical production output is expected to more than double over the coming 12 months. Yes they have a large share capital base however if you factor in future cashflows of current projects and the cashflows of their untapped resource base the current price is easily justified. At current levels this is a very cheap entry point considering its fundamentals and untapped potential. With no significant capex requirements and with $30m in the bank FML is positioned well to expand with no further dilution.
I'm not one to speculate on price - but i must say that 10c by xmas is a formality.
closing price, page-8
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Last
11.5¢ |
Change
-0.015(11.5%) |
Mkt cap ! $32.95M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 11.5¢ | $3.285K | 28.21K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40000 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 8690 | 1 |
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| Last trade - 11.36am 09/08/2024 (20 minute delay) ? |
| FML (ASX) Chart |