I think the price will be capped around the 20's and FML won't get re-rate until a few gold pours have been established. If there meet the ASIC target from feasibility study... FML will be able to pay off Shandong loan 6-7 months, if not sooner. I think the loan was 35m.. I think the loan was done on a good interest rate for FML.
There a lot of holders peeved off with Shandong for sitting on the asset for so many years. But I think they doing their utmost to try recover their investment which I think is $250m+.
The market cap is $36m -once they repaid their loan they can fix the sp with a $10m buyback... it put a rocket under sp.
Ann: Focus to Commence Production at Coolgardie, page-24
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Last
14.0¢ |
Change
-0.025(15.2%) |
Mkt cap ! $40.11M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.0¢ | 14.0¢ | $34.69K | 242.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 132799 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 4616 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FML (ASX) Chart |