FME

5.00%

1.9¢ future metals nl

And they proceed to issue an investor presentation...

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LD99

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21/06/22

12:08

Post #: 62110917
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Originally posted by KingofWar: ↑

A late announcement for the benefit of the "people" who have the foresight to jump aboard this train to a billion market cap company. But it also "only" has $3.6m in the bank to dissuade long term holding and encourage short tem trading so there will be plenty of shares available from weak hands both from here and more importantly from London (yes it has a dual listing). Good to see no price gap left at the bottom!

Addressing the issues first, if you look into the background and ownership of the company you will realize they would want to avoid dilution at these levels as much as possible. The announcement clearly states that the company is now in the optimization of the extraction process. A lot of money has been invested in the resource definition and future target identification at this stage, what is left now, is low cost extraction optimization process.

Due to the above reasons, it will churn today and maybe most of this week but IMO Palladium and Platinum are bottoming as we speak. It is easily foreseeable that big money is going to start rotating into this stock after the announcement is digested.

Also, GAL already formed a double top and right now is bouncing off overhead resistance (former gap bottom) following a "mineralized zone" type of announcement, which confirms that the mineralization width is around 20m. Our lower grade reef (which has similar grades as GAL) had width of 60m, 80m and over. If in doubt read previous our announcements. And note that the grade shown on the MRE is not the assay grade but the assay grade net of unrecoverable material (at this stage meaning prior the optimization process is completed). IMO it is inevitable that GAL will roll over (not wishing people lose their money but the chart and the latest announcement speak for themselves) my guess is that some of that money will come here too.

All is my opinion. No advice intended.

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FME Price at posting: 15.5¢ Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last 1.9¢		Change -0.001(5.00%)		Mkt cap ! $10.87M

Open	High	Low	Value	Volume
2.0¢	2.0¢	1.9¢	$28.09K	1.433M

Buyers (Bids)

No.	Vol.	Price($)
1	25000	1.9¢

Sellers (Offers)

Price($)	Vol.	No.
2.1¢	100000	1

View Market Depth

No.	Vol.	Price($)
1	25000	0.019
2	598602	0.018
2	576529	0.017
1	80000	0.016
1	199995	0.015

Price($)	Vol.	No.
0.021	100000	1
0.022	461430	1
0.023	2539825	2
0.024	180000	2
0.025	283046	3

Last trade - 15.09pm 28/06/2024 (20 minute delay)

FME (ASX) Chart

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