Not saying you are, but if you are, don't stress. I completely agree with your sentiment and long-term perspective of FLC.
IMO the stock price will remain low for a while. I don't think it will start moving until water becomes a publicised issue and there's a few ways I see that happening:
1. More positive annoucements which start to attract funds. I did see FLC get talked about a little after the last annoucement re: china and taiwan orders
2. An announcement about FLC strategically seeking opportunities in the US to take advantage of the Biden $100+ billion being injected into water infrastructure etc. I feel like RI doesn't like these kind of annoucements, but tbh I think he should consider popping them in once in a while to boost the FLC profile.
3. Water starts becoming a major issue in countries AND the news is widely publicised in Australia.
I do get the feeling that water will pop eventually and the meme investors will pour in with their FOMO. The feeling is purely based on the story - decentralised, capital efficiency, tested product, water treatment is a basic need in the modern world. I just don't think it will be anytime soon (thinking 2-5 yrs)
I do however think we're close to the bottom so I'm just using this opportunity to top up a little where I can
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Last
9.2¢ |
Change
0.004(4.55%) |
Mkt cap ! $99.44M |
Open | High | Low | Value | Volume |
8.8¢ | 9.2¢ | 8.8¢ | $23.16K | 257.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 38308 | 9.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.2¢ | 22322 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 38308 | 0.090 |
1 | 46221 | 0.089 |
1 | 2000 | 0.088 |
2 | 240000 | 0.087 |
2 | 123529 | 0.085 |
Price($) | Vol. | No. |
---|---|---|
0.092 | 22322 | 1 |
0.095 | 43242 | 1 |
0.096 | 8791 | 1 |
0.098 | 4000 | 1 |
0.099 | 10000 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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