From memory Mount is over 350Koz resource - so it won't be because mgmt thinks Mount is mediocre.
It is in effect a defacto hedge on the POG. I have no idea what the cost of decline and "mining services" would be, but 5000oz at current AUD POG is 6.25M less costs. Maybe mgmt have struck a great deal - I don't know... but I'm investing in FML because I think the POG is going up and I want exposure to it...
You could hardly say mgmt have done wrong the last year or so but IMO now is not the time to be conservative. We need to go for gold.
Just MO
Cheers,
c12
focus delivers a$4.9m 1st half year net profit, page-14
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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 |
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| Last trade - 11.36am 09/08/2024 (20 minute delay) ? |
| FML (ASX) Chart |