I highly doubt FIRB will allow SD to take over FML. I imagine the end game now is to sell this company for some good profit once it is cashflow positive, but maybe I am being naive.
The progress being made in the last 12 months is astonishing given what happened in the years prior, so it is clear to me that we are going into production this year.
Goven that a 35c or so bid from theta was rejected, it gives us a multi bagger even if sd wanted to buy this.
So, why are we at 18c or so doesn’t make sense to me.Surely I am missing something, or is the market so wrong and this is an outstanding opportunity?
Ann: December 2022 Quarterly Activities Report, page-6
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Last
17.0¢ |
Change
-0.010(5.56%) |
Mkt cap ! $48.71M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 17.0¢ | $39.79K | 225.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11500 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 67932 | 2 |
View Market Depth
| Last trade - 15.08pm 13/11/2024 (20 minute delay) ? |
| FML (ASX) Chart |