Nice announcement today but not surprising. The Mount has looked good for a long time, was the holding in particular that attracted me to this stock in the first place last year, it was just a matter of proving it. Interesting use of the phrase 'company-maker' though, even with the 'potential' caveat. I don't mind paying the contractor's in gold for the exploration either.
Today's volume spike should put FML on the radar now it's part of All Ords...come April 27-28 and the quarterly cashflow/activities, the re-rating of the company should follow (assuming revenues >$25M ie greater than entire 1H 2009/10 FY)
Trading on today's news was to be expected...lot's of traders in the stock in the $0.052-0.056 range from the past month, scalping a gain from those unaware of fundamentals and timeline of announcements is par for the course.
the mount...what a cracker
Add FML (ASX) to my watchlist
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Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.98M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.0¢ | 14.0¢ | $1.344K | 9.049K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 138297 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 6000 | 1 |
View Market Depth
| Last trade - 12.53pm 10/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |