I think the price will be capped around the 20's and FML won't get re-rate until a few gold pours have been established. If there meet the ASIC target from feasibility study... FML will be able to pay off Shandong loan 6-7 months, if not sooner. I think the loan was 35m.. I think the loan was done on a good interest rate for FML.
There a lot of holders peeved off with Shandong for sitting on the asset for so many years. But I think they doing their utmost to try recover their investment which I think is $250m+.
The market cap is $36m -once they repaid their loan they can fix the sp with a $10m buyback... it put a rocket under sp.
Ann: Focus to Commence Production at Coolgardie, page-24
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Last
12.5¢ |
Change
-0.013(9.09%) |
Mkt cap ! $35.81M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 12.5¢ | $6.335K | 47.44K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 198192 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 67030 | 2 |
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| Last trade - 15.58pm 26/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |