Arobath, I agree, if you look at the market darlings like SLR and NST that have performed well in the last few years, they all had one thing in common - cash reserves grew with low market caps. It's quite a simple formula isn't it and has served me well? SBM banked almost $50m just last quarter which clearly shows it's currently a cash cow. Unlike FML who had to borrow more money and restrict activity.
That's enough for me. I'm a lot like the wind hanging around at present - It'll be a bloody nice day once we both rack off!
Arobath, I agree, if you look at the market darlings like SLR...
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $40.11M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 13.5¢ | $12.79K | 91.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 60148 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 14983 | 1 |
View Market Depth
| Last trade - 15.59pm 19/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |