I think I understand the apathy. Everyone on the FML thread talks about how low the share price is. What they really should be discussing is the $220m market cap. If you can't find at least 5 companies with market caps in $250m range with much better prospects (and lower risk) than FML, then you have not done your homework.
Who is selling? Someone with more shares than you who rightly sees better opportunities elsewhere.
TI may be a cracker and I hope it is for holders of the stock, but a $220m market cap is not cheap given the high cost operations, limited reserves and stage of exploration. The stars need to align for this name to run hard.
Normally I would not put up such a negative post, but I saw someone mention a 30c target the other day and it set me off proper.
why the apathy !!!, page-8
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Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $44.41M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 13.0¢ | $5.792K | 38.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 362 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 20120 | 1 |
View Market Depth
| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| FML (ASX) Chart |