This is an issue and that reflects already on share price. But they are the elephant in the room. No doubt.
Shandong is going to either have to buy the lot or the market is going to eventually catch up once production increases, makes a profit and keep increasing their resources.
Their projects are good and have potential to grow. They have been under for a decade... and they will eventually monetise the projects.
Long term FML is going to have 2 producing plants but the road to get there is going to be bumpy and rough.
Ann: March 2024 Quarterly Activities Report, page-29
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Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $38.68M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 13.5¢ | $6.856K | 49.57K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 36133 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 67030 | 2 |
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| Last trade - 15.45pm 24/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |