One company has $50m in cash and the other has $130m in debt and building…..that’s a hell of a lot
of dilution to even them out. Apples and oranges!!!
On a side note, early in the week I was listening to “money of mine” podcast where FML got a mention…..
They were speculating if RED would be interested in FML’s neighbour MAU with a m/c of $400m. Also 30% Chinese owned…..
Apparently Magnetic resources(MAU) main gold deposit sits on the northern end of its tenement……1.5m ounces……to the north of that……FML tenements……
Will we see a fire sale from FML as debt mounts?
something will give……..
Ann: June 2024 Quarterly Activities Report, page-43
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Last
19.5¢ |
Change
0.020(11.4%) |
Mkt cap ! $55.87M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 19.5¢ | 18.0¢ | $30.72K | 170.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 28446 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 108878 | 2 |
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| Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
| FML (ASX) Chart |