Hi All,
The toothless tigers that come out to feed on us when the share price is depressed speak only of cap raisings, and they do it a lot.
Excluding FML's period in pre-production, i thought i would look for myself at cap raisings. The following chart came to life. Was there any doubt there would be a chart....
Assumptions:
1. FML/CRE will meet its 2012 stated production of 200,000Oz
2. Gold will appreciate at the rate of $50 per quarter.
Notes.
1. Blue shaded area classified as cap raising area
2. Orange shaded area is post cap raising period - looking fwd
3. Gold Price up 30.7% from when cap raisings were done looking forward
4. FML prodction forecast to be up 184%
Does anyone really think that we will have another 3 cap raisings over a 24 month period. If you do, give yourself an uppercut and start shorting the price of gold.
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cap raising - and a chart of course
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Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $38.68M |
Open | High | Low | Value | Volume |
13.5¢ | 13.5¢ | 13.5¢ | $54 | 400 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 52054 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 2100 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 52054 | 0.135 |
2 | 20009 | 0.130 |
3 | 62595 | 0.120 |
2 | 18181 | 0.110 |
1 | 8571 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 2100 | 1 |
0.155 | 14055 | 2 |
0.160 | 37300 | 2 |
0.165 | 71956 | 3 |
0.175 | 16889 | 3 |
Last trade - 12.52pm 04/09/2024 (20 minute delay) ? |
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