Brilliant point DB re that first line and this is very very important. This was pointed out again today. Richard and Henry, as well as Peter Marks, where at today's presentation at the Cannacord offices. They where in Hong Kong last week and Sydney earlier this week. They are doing everything they can to improve the profile of FLC among the investment community. They had 4 more meetings after today's lunch. Cannacord have them personally presenting to many large funds. Cannacord would not want to run with this unless they thought they could make money out of this by convincing funds to buy FLC via Cannacord.
Cannacord wish to take FLC management on an Asia roadshow early next year as well.
I mentioned to Henry today that it appears harder to move a company from a $250m mcap to $1B than to move it from $1B to $5B and he agreed. Many of these large funds are very conservative, and will spend considerable time doing their own investigation, getting comfortable with the company. Many of these funds are used to investing large sums of money, sometimes equivalent to the whole value of FLC!
I have asked Stotes via email if he could kindly provide a broker update since his last one. There is a thought around that Macquarie is still buying, prior to doing their own research report maybe?? some 800k shares were thrown at the buy side today by sellers and one of the dumps was 260k shares?, yet the price fell by only 0.5c across the day? so buyer demand is starting to match sellers? I had orders hit at 62c, 61.5c and 61c....patience paid off.
The audio from today will be pulled apart by Dungiven over the weekend and posted on Mon....much appreciation to Dungiven for his time in doing this and his presentation of this material is always first class.
kind regards, SEAH.
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Last
9.8¢ |
Change
-0.007(6.67%) |
Mkt cap ! $105.9M |
Open | High | Low | Value | Volume |
9.8¢ | 9.8¢ | 9.8¢ | $6.177K | 63.03K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 25085 | 9.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.9¢ | 44202 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 25085 | 0.095 |
1 | 50000 | 0.094 |
1 | 5799 | 0.092 |
1 | 100000 | 0.091 |
1 | 100000 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.098 | 25118 | 1 |
0.099 | 21912 | 4 |
0.100 | 63153 | 3 |
0.105 | 229314 | 6 |
0.110 | 216592 | 5 |
Last trade - 10.57am 19/08/2024 (20 minute delay) ? |
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