you got my thumbs up infomativeation,
what some people don't realise also is the dilutionary effect really only comes into play when a company is paying dividends. With these sepculative small cap miners most people are here for percentage gains on their investment. On a micro cap like FML when the share price was 2cents we have seen 300% gains to above 6ents already, within 12 months, and it still hold vry strong above 5cents.
Although hypothetical, i would question if FML on a 1:10 reconstructed basis would have gone from 20cents to 60cents in the same time frame? or more importantly wether it would have held strongly above 50cents in such a case?? personally i doubt it but being hypothetical we'll never really know.
regards
Davo
for an example of how long it takes for a share to recover from bad news after a consolidation take a look at Matsa. MAT. personally at this early stage of development, which FML is, i wouldn't risk it.
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Last
19.0¢ |
Change
0.005(2.70%) |
Mkt cap ! $54.44M |
Open | High | Low | Value | Volume |
19.0¢ | 19.0¢ | 19.0¢ | $11.46K | 60.35K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 51329 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 149 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 51329 | 0.185 |
2 | 20500 | 0.180 |
1 | 80000 | 0.170 |
1 | 38458 | 0.165 |
2 | 68631 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 149 | 1 |
0.195 | 37589 | 1 |
0.200 | 86474 | 5 |
0.205 | 10000 | 1 |
0.210 | 7115 | 2 |
Last trade - 15.56pm 06/11/2024 (20 minute delay) ? |
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FML (ASX) Chart |