FML 9.68% 14.0¢ focus minerals ltd

Hi dworld,OK you see better value elsewhere in gold stocks -...

  1. 2,158 Posts.
    Hi dworld,

    OK you see better value elsewhere in gold stocks - wishing you well too.

    Many investors in here measure only SP so lets cut to the chase. Ignore the rest of the fundamentals and technical - ground position etc and focus on SP.

    Have the board just de-risked the balance sheet for you? I am talking about a fat tail event because they were just starting to put some cash back by all accounts. Monetize development. The answer is yes - tick - advantage shareholder.

    The into's are assessing this today and have voted in favor - and SP can go down on other sentiment (general market) tomorrow that does not invalidate the market response to this news. So SP up a little already and broken to the upside - tick - advantage shareholder.

    Does this devalue the company - really - on a rational basis? $227.5M has valued it higher - tick - advantage shareholder.

    Does this restrict progress on projects or enhance it? The obvious answer is - tick - advantage shareholder.

    I wonder why you guys are not happier - it just defies logic. You berate those that talk about operations and ground position and geology. So look at SP only - maintain your view on that - where is the problem? Somebody got a good deal that now has a vested interest to assist us - tick - advantage shareholder.

    CW
    DYOR&DD
 
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Last
14.0¢
Change
-0.015(9.68%)
Mkt cap ! $40.11M
Open High Low Value Volume
15.0¢ 15.0¢ 14.0¢ $4.409K 30.40K

Buyers (Bids)

No. Vol. Price($)
1 1700 14.0¢
 

Sellers (Offers)

Price($) Vol. No.
15.5¢ 6000 1
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Last trade - 15.44pm 05/07/2024 (20 minute delay) ?
FML (ASX) Chart
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