Stumpytrunks, I’ve reproduced your sentence that IMO is the key to the success of the Co. and it’s sp.
“In the end it comes down to the company being run to maximise profits for holders.”
Too many Co. are happy to continue exploring developing without share holder consideration and sp value. I did not buy the amount of FML to see that.
The Cos. can continue to produce more oz and as long as they keeps spending at the same ratio can create a great deal of employment/turnover without adding to the bank balance. It would be a simple maths formula as an example. What would then cause the sp to rise or fall is an unforseen event rather than a controlled mgt plan. Mgt have to show the SH what there about and I believe CB that FML is not a $600/ oz producer. Can they do better than last qtr? That’s what there employed for. Cheers Iw
FML Price at posting:
3.5¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)