aftenoon caver,
"What’s the answer? Why has such a great prospect not got a descent share price? I am sure non production exploration companies are higher than the lousy 0.65 that we are at this moment in time."
One can only talk about movement - and there is nothing wrong with fml individually - the graph below tells the story - fml compared with the S&P/ASX 300 All Ordinaries Gold.
fml is travelling quite ok and all goldies over australia have similar patterns - in fact the same holding back pattern is world wide.
This is no mystery - look back over say 3 or 4 decades - goldies move hugely - but only at the end of a physical gold boom - and we haven't had that yet.
Of course if you are only going to compare fml to exploration companies - that is really not apples to apples - that is a successful producer to gambling stocks - there is no similarity there, nor much logic.
I suggest that if your friends had got in at 2c they would be quite happy presently. I only hope they aren't desperately unhappy when fml rerates either on the last quarter results or/and on this quarter results. That is the way it will go and then a huge jump after the gold price has peaked ------------------ AFTER - I say again, look at history.
Personally I think any money that has been tied up in fml hopefuls in the last short while is probably quite lucky - have a look at how others have performed and also look at how other sectors have performed - things haven't exactly been rosy in many places - many areas have plumbed the depths of gfc lows - remember fml went down to 2c in the gfc - nowhere near it this time thankfully for many.
have a great night
pinto
- Forums
- ASX - By Stock
- FML
- are we getting delusioned with fml
are we getting delusioned with fml, page-2
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FML (ASX) to my watchlist
|
|||||
Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.98M |
Open | High | Low | Value | Volume |
14.5¢ | 15.0¢ | 14.5¢ | $2.397K | 16K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 929 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 35350 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 929 | 0.130 |
1 | 20000 | 0.125 |
1 | 33474 | 0.120 |
3 | 27181 | 0.110 |
1 | 8571 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 35350 | 2 |
0.160 | 11109 | 2 |
0.165 | 34919 | 2 |
0.170 | 10000 | 1 |
0.175 | 16889 | 3 |
Last trade - 11.21am 21/08/2024 (20 minute delay) ? |
Featured News
FML (ASX) Chart |