Just to add my 2 cents to the mountain of shares discussion - and not that I am in the least bit concerned with the current number - have a look at the MSC consolidation results of late. Horrible outcome for holders there with the price now way lower post consolidation. This often happens from what I have seen. The reverse seems to happen when companies with limited stock do splits - usually results in more liquidity and higher prices.
Buy back is the best reduction strategy imo, not that I would want them to put any effort into one anytime soon. I just want them to spend their production revenue on more exploration and in the medium term - could an upgraded plant and more production be a goal? At any rate would be benefitial for the current share price if they find more gold.
fml versus slr, page-8
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Last
11.5¢ |
Change
-0.015(11.5%) |
Mkt cap ! $32.95M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 11.5¢ | $3.285K | 28.21K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40000 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 8690 | 1 |
View Market Depth
| Last trade - 11.36am 09/08/2024 (20 minute delay) ? |
| FML (ASX) Chart |