I doubt SD will sell any shares in the open market, especially not for a loss as they are have a long game and not at all hard pressed for money like Theta gold and other smaller shareholders.
Their end game has to be either a sale of the entire stake to a willing buyer (large gold company) or reap dividends for years to come. No one can buy FML until SD agrees to the price and this will command a premium for a desperate buyer who might find that they need this mine to continue their growth trajectory.
Ann: December 2022 Quarterly Activities Report, page-36
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Last
12.5¢ |
Change
-0.010(7.41%) |
Mkt cap ! $35.81M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.5¢ | $10.26K | 82.15K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 140038 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 67030 | 2 |
View Market Depth
| Last trade - 15.58pm 30/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |