Hello Albaman, nice change of pace after the storm - thank you.
I think your assessment of my reading is right and of FML. I will let Bazza d2 talk for himself, totally capable - just a respect issue.
The AUD POG will be important for our profitability as a higher cost producer. Some of the current FML Sp is factored because of this - market factoring risk, especially with lower current cash levels.
Any prudent investor or commentator has to look at current events and consider certain outcomes over the coming couple of quarters. A rising USD into the coming stages of the de-leverage event in the Euro zone impacts the HUI more than the ASX - XGD in terms of earnings but maybe not share price action.
SP action and profitability can move independently so even if equities tank I see FML improving their position as they steady things. Note I am not ramping either way here - stability of the company balance sheet and operations will not necessarily be reflected in the short term SP gyrations which I seldom speculate on in here.
Albaman - long term, IMO watch for a rising yield on US treasuries for the break out of gold to a major run and equities should run hard then also. Should gold take a real hit here it will be more a function of a rising USD on safe haven buying - believe it or not. And oh, IMO also our gold stock mania is still highly likely, get educated guys so you maximize the opportunity and I hope it changes your lives for the better.
Thanks to the mods for a great effort yesterday. Thanks to all who supported civility and a bit of fun in here too. And a special thanks to pauljbo470 for keeping tabs on the tipping bids - set to close a bit before Christmas forget what date I set. We then close it off.
Warmest cheers,
CW
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.68M |
Open | High | Low | Value | Volume |
13.5¢ | 13.5¢ | 13.5¢ | $7 | 52 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 52002 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 3300 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 52002 | 0.135 |
2 | 20009 | 0.130 |
3 | 62595 | 0.120 |
2 | 18181 | 0.110 |
1 | 8571 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 3300 | 2 |
0.155 | 14055 | 2 |
0.160 | 37300 | 2 |
0.165 | 71956 | 3 |
0.175 | 16889 | 3 |
Last trade - 10.17am 05/09/2024 (20 minute delay) ? |
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