The Chinese are doing bare minimum here, maybe due to lack of funds or China/Australian relations (Shandong IS the Chinese government remember and is not a solely for profit organisation it projects what the politburo wants it to).
That said, the assets are good (Especially Laverton) and they will be mined in the future.
If the assets were in a non Chinese controlled entity it would
1. be in production
2. have a market cap of $300-500m
They should sell Coolgardie (as they almost did previously) and focus (pardon the pun) on Laverton.
They need to be very careful about parking this asset up as they’ll have it stripped off them by Plainters and Government.
- Forums
- ASX - By Stock
- FML
- Ann: Resource Update for Big Blow and Happy Jack Deposits
Ann: Resource Update for Big Blow and Happy Jack Deposits, page-8
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FML (ASX) to my watchlist
(20min delay)
|
|||||
Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.98M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 148847 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 30000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 128847 | 0.140 |
3 | 104622 | 0.135 |
4 | 97732 | 0.130 |
3 | 35576 | 0.125 |
3 | 95333 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 30000 | 1 |
0.155 | 12500 | 2 |
0.160 | 7300 | 1 |
0.165 | 59753 | 5 |
0.170 | 112230 | 4 |
Last trade - 16.12pm 12/07/2024 (20 minute delay) ? |
Featured News
FML (ASX) Chart |
Day chart unavailable