Fair comment on the business plan details ... I'd certainly like to see the details but its chicken and egg sort of isn't it. The ASX has them stymied with this suspension under ASX Listing Rule 11 so I suspect (don't know for sure) that would prevent them from making any statement related to the gold project acquisition.
As far as Rosario copper goes ... where's the drilling capital coming from ... suspect this may be tied up waiting for the gold project. If the project has an MRE (best case IMO) or even reliable historic drilling database and coreshack then there is potential there for share price appreciation to raise more capital.
IMO you can forget about future cash flow from RKLP. The Tama-Atacama project can wait for Lithium price recovery - and if no recovery then I can't see any capital being invested there.
That's my view. The only plan I want to see is what is the gold project, how advanced is "advanced exploration", whats needed to get FLG to an MRE that can be peer compared with look through clarity and then how will the capital be raised to progress these 2 projects.
AI says 2 months is average ASX suspension for this type ... been 6 weeks ... since suspension date. The suspension wont lift itself. FLG have to be doing the work that will satisfy the ASX to lift the suspension - no idea what that entails but sipping pina colada's on a beach somewhere is unlikely to get 'er done.
Otherwise, well that aint going to be pretty.
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flagship minerals limited
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Fair comment on the business plan details ... I'd certainly like...
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Last
4.9¢ |
Change
0.001(2.08%) |
Mkt cap ! $10.96M |
Open | High | Low | Value | Volume |
5.0¢ | 5.0¢ | 4.9¢ | $745 | 15K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5500 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.1¢ | 101829 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5500 | 0.049 |
4 | 97189 | 0.048 |
1 | 50000 | 0.047 |
2 | 55984 | 0.045 |
1 | 10416 | 0.043 |
Price($) | Vol. | No. |
---|---|---|
0.051 | 101829 | 2 |
0.052 | 238343 | 3 |
0.053 | 135000 | 1 |
0.055 | 140000 | 2 |
0.056 | 110000 | 3 |
Last trade - 12.32pm 18/06/2025 (20 minute delay) ? |
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