FFM 4.94% 77.0¢ firefly metals ltd

What's the next piece of meaningful news flow that could hit the...

  1. 458 Posts.
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    What's the next piece of meaningful news flow that could hit the market for AUT? This has been well oversold based on a few things imo. Gold above USD 1800 in itself can provide exceptional margins so lack of movement in POG is not a valid reason to sell. Resource continues to grow & well funded for this year. Board & instos own ~55%. Good processing infrastructure.

    It would have to be mostly amateur, spooked retail selling this??

    I strongly believe spot gold is set for a big H2 and 2023. Seasonally it's around this time that the Chinese & Indians start buying for wedding's etc. The transitory inflation narrative, which has helped prevent gold from breaking out to date, is dying by the month. Retail still don't grasp the coming demise of the USD and instead jump to buy it when markets get routed. This won't go on forever. Also, the gold futures market is manipulated because a rising gold price is a slap in the face to the Fed. Again, this won't continue forever. I recommend following Fred Hickey on Twitter or searching for some podcasts featuring him. Very insightful on this topic.

    Anyway, I'm almost certain on a 1-2 year basis you can't go wrong at these prices. I'll decide between this and BGL next week. Would like a current producer but also love a spec stock lol.



 
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Last
77.0¢
Change
-0.040(4.94%)
Mkt cap ! $349.0M
Open High Low Value Volume
79.0¢ 79.5¢ 76.0¢ $1.441M 1.860M

Buyers (Bids)

No. Vol. Price($)
6 43102 76.0¢
 

Sellers (Offers)

Price($) Vol. No.
77.0¢ 12743 2
View Market Depth
Last trade - 16.10pm 23/05/2024 (20 minute delay) ?
Last
76.5¢
  Change
-0.040 ( 5.33 %)
Open High Low Volume
78.5¢ 79.0¢ 76.5¢ 392122
Last updated 15.59pm 23/05/2024 ?
FFM (ASX) Chart
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