Fingers crossed that you guys are right and instincts will win out, bringing a trade halt and announcement next week.
On the flipside; it's been good to see that the new support level of around 7c has been tested and passed a number of times in recent weeks.
I imagine this is partly due to day traders and the big boys bouncing it up and back from 7.1 to 7.8 several times for their 10% steals and re-accumulations.
Past few days volumes have been relatively steady and so has the price; IMHO this is pointing towards the news and next leg up as several of you veterans are leaning towards.
Or a longer pause and more interim trading availability; either way, win.
As has been mentioned several times in this arena, picking up FML shares at <8.0c is a bargain at this point.
I am wondering though, if the news does come and the price goes up; at what point will FML look into share consolidation to bring down the overall number of shares on offer and take them from a penny stock to one of the big boys? They certainly have the potential.
is friday going to spike again ?, page-19
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $40.11M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.5¢ | $802 | 5.754K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14865 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 19859 | 1 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| FML (ASX) Chart |