u do live in another universe mate, but that's not your fault.
I actually agree with you on this one with respect to the use of the cash being "disappointing" but after looking at the numbers, they way they are spending on development and exploration, then the coffers were going to dry up any day now.
RE: Production Costs. OK, so they are high. They said this themselves, they know it, we know it, and they said they will come down in the June Quarter significantly as more ore comes through from "easier sources". You can't however, just talk about production costs independently of development and exploration which is where a lot of the current drain exists. If they had already proved their resource and it was ready to go, and they didn't want to grow the company, then FML would be profitable.
I think changing your sentiment to a sell is a bit tough. we are clearly in a "suck it and see phase" right now
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Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $44.41M |
Open | High | Low | Value | Volume |
15.0¢ | 15.5¢ | 13.0¢ | $5.792K | 38.65K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 362 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 20120 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 362 | 0.150 |
2 | 7509 | 0.130 |
2 | 26870 | 0.125 |
1 | 33474 | 0.120 |
3 | 27181 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 20120 | 1 |
0.160 | 11109 | 2 |
0.165 | 34919 | 2 |
0.170 | 10000 | 1 |
0.175 | 16889 | 3 |
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