"i'd pick Goldman/volatile POG/GFC II/Volcanic Ash/Earthquakes/Sovereign debt and a lacklustre Gold Sector before I chose the share reg as the reason for a lowly SP."
Hi Choo all of the above are recent events with the exception of GCFII, although I,m not convinced there is another GFC looming.
Back on 18/1, FML was .078 with 157m shares turnover. They were .052 on 26/3.
A 2.6c (33%) drop from a penny stock is a fair chunk.
FML share performance is as irrational as the Dow.
I was silly enough to convince myself that when Baker Steel offloaded, that the main manipulator had gone. Not so.
I bought into FML as an LT (3 lots) in Sept 09 with an ave @ .057c. ( 7 months on-still 057c!). I can only keep on buying at this price.
The purpose was to bonus up the retirement pot, to fund all the extra curriculae that retirees have, world trips etc.
I still have 2 years to go and believe FML will produce the goods, but my questions keep arising.
Is this stock currently undervalued?
Why a 33% lack of interest on a stock that is touted to become a strong mid tier producer.?
Over the past few weeks the POG was steadily rising to $1160+, yet FML didn,t make it over .060 until the Mount ann. That appears to indicate POG is not a big factor for FML atm.
Therefore, is the FML share price being suppressed deliberately in Australia on a daily basis.?
I might send these questions to FML, as in previous interviews i,ve listened to, the questions to management were as hard hitting as a custard pie.
To the consolidation lobbyists.. Check out Elders consolidation, then come back to HC and tell us all that it is still your preferred battle cry.
Cheers
FML Price at posting:
5.7¢ Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)