FML 6.67% 14.0¢ focus minerals ltd

too many shares

  1. 191 Posts.
    Regardless of the excellent job being done by management

    Regardless of the high price of gold

    Regardless of being free of debt

    Regardless of being hedge free

    Regardless of increasing reserves

    Regardless of high profits

    Regardless, Focus will always be a "Penny Stock" due to the enormous number of shares on the register. This has been confirmed by the article in the Mineweb site.

    Until the management commences a buyback (not consolidation) and reduce the number of shares, Focus will always be at the mercy of daytraders.

    This issue should be be discussed at the AGM, because regardless of what news has been released by the company, the share price has failed to reach even 6 cents.
 
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Last
14.0¢
Change
-0.010(6.67%)
Mkt cap ! $40.11M
Open High Low Value Volume
14.0¢ 14.0¢ 14.0¢ $15.59K 111.4K

Buyers (Bids)

No. Vol. Price($)
1 7230 14.0¢
 

Sellers (Offers)

Price($) Vol. No.
14.5¢ 100000 1
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Last trade - 12.31pm 18/09/2024 (20 minute delay) ?
FML (ASX) Chart
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