Most of these risks you have mentioned are across the gold sector and not just limited to FML.
Now since fml has been valued as a low cost producer it becomes a high leverage bet to gold price.
Being cash flow positive and debt free there is a limited downside risk especially since its sp has not participated in most of the recent increases enjoyed by its peers.
I am expecting some improvements in cash cost in dec qtr, but real improvements would be in march and june qtrs with ore grade increase.
Even with no result from TI, nickle sidelined, and gold at 1100/oz aud, fml can remain profitable and be undervalued at current sp albiet marginally.
some risks, page-3
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FML (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.98M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 148847 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 30000 | 1 |
View Market Depth
| Last trade - 16.12pm 12/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |
Day chart unavailable