Bought in Wednesday and think my biggest regret here will be not having bought a bigger position.
There are no safe bets at this stage of an exploreco's development. Risk, though, is lessened by having multiple assets to explore -- all in a safe political jurisdiction. Specifically, the "largest land position" in Victoria's Bendigo Zone, in a world class Au region! (Does this may make FAL a regional player in an eminent/proven Au district. (The share count and trasury also provide the confidence that the sp can ascend unemcumbered.)
The trading since the "Valentine Sweetheart" release has shown a sort of rerating since; it's the sp traction, and not a spike, confirming FAL's on its way for me.
Yes, there is great risk. But, I think (not hope) that the greater risk is to the upside.
OV
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Bought in Wednesday and think my biggest regret here will be not...
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Last
17.0¢ |
Change
-0.005(2.86%) |
Mkt cap ! $30.09M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.0¢ | 16.5¢ | $16.78K | 98.63K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2999 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 42934 | 2 |
View Market Depth
| Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
| FAL (ASX) Chart |