Why has FML share price dropped from $2.50 per share 10 years ago to 0.15c today, particularly when the Aust dollar is so low and gold is $1,980 US an oz.
The share price has not risen in the past 12 mths although FML is now in production at Coolgardie, which we all thought was the catalyst for a rise in the price. For this to happen there has to be more buyers than sellers and thats not the case.
For what ever reason FML investers are selling out, and there are no big players looking at FML as an investment opportunity.
FML states that Coolgardie has an inferred total of 402,000 oz with a NPV of $242m over the 7 year life of the tenement. If that happens as stated its an annual after costs pre tax profit of $ 34m per annum.
The immediate future is cloudy if you look at the amount of loans that FML need to repay, dealing with a foreign owned company, rising costs of production, and the uncertainty of a possible future share buyout by SH/G.
If as planned there is more exploration to be done at Laverton their cash flow will be greatly effected. Most of us are hanging our hat on Laverton with its inferred total of 546,000 oz. I hope further drilling will produce better than expected results and finally give a result to smile about.
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Last
15.0¢ |
Change
0.005(3.45%) |
Mkt cap ! $42.98M |
Open | High | Low | Value | Volume |
15.0¢ | 15.0¢ | 15.0¢ | $7.169K | 47.79K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 72753 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 14055 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 72753 | 0.145 |
3 | 56138 | 0.135 |
2 | 24000 | 0.130 |
1 | 4121 | 0.120 |
2 | 18181 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 14055 | 2 |
0.160 | 47300 | 3 |
0.165 | 34919 | 2 |
0.170 | 8718 | 1 |
0.175 | 16889 | 3 |
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