Big RR,
SBM has about a billion less shares (even after EO) and will produce well over twice the Au as FML this year (as you said). Throw in that SBM is a proven producer and that'll make up a few extra cents. The rest is sentiment/manipulation and a few boxes left for FML to tick. (Of course SMB has a bit of debt and higher costs, too, so LT it's FML for me - in case you're wondering why I'm posting on FML and not SMB)
Cheers,
C12
Patersons did a valuation back in July (?) and had a target price for FML of 6c. Have seen nothing since.
http://www.focusminerals.com.au/documents/research/fml_r_20090730.pdf
this thread is boring., page-8
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Last
13.5¢ |
Change
0.010(8.00%) |
Mkt cap ! $38.68M | |||
| Open | High | Low | Value | Volume |
| 13.3¢ | 13.5¢ | 13.0¢ | $1.169K | 8.898K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 222192 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 67030 | 2 |
View Market Depth
| Last trade - 15.57pm 29/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |