re: Ann: Focus Commences Ore Production at Ti... afternoon,
re. "So if it's for that, I'm sure waiting 1-2 months wouldn't have hurt after the results of TI to get a better price and in turn diluting us less."
It's always a strategic decision and always a punt. Generally you take the money when you can - even if you suffer a little more dilution - this is far better than finding yourself a couple of months down the road and possibly pog has gone off the boil and you are in a general market downturn and even worse TI turns into a fizzer ------- now those things probably won't happen - but if they did, it would be a very tough sell to raise $40m in that climate.
The time is never right for a board - only hindsight will tell you anything - and really a hell of a lot of it comes down to luck.
Companies have been devastated, in fact destroyed, by waiting too long to raise cash.
Basically with fml - now it almost doesn't matter what happens - the operation can go on developing and producing for a long time - it may not ever need to raise again (although I doubt it).
The future for fml looks pretty bright at present, in fact more than bright it really is a gem gleaming on the board.
have a great arvo
Pinto
- Forums
- ASX - By Stock
- FML
- Ann: Focus Commences Ore Production at Tindals Op
Ann: Focus Commences Ore Production at Tindals Op, page-9
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FML (ASX) to my watchlist
|
|||||
Last
14.0¢ |
Change
-0.025(15.2%) |
Mkt cap ! $40.11M |
Open | High | Low | Value | Volume |
14.5¢ | 15.0¢ | 14.0¢ | $34.69K | 242.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 132799 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 4616 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 132799 | 0.140 |
1 | 7400 | 0.135 |
4 | 135286 | 0.130 |
2 | 25576 | 0.125 |
2 | 90833 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 4616 | 1 |
0.170 | 111060 | 3 |
0.175 | 11067 | 2 |
0.185 | 8430 | 1 |
0.190 | 7548 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
FML (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online