aftenoon caver,
"What’s the answer? Why has such a great prospect not got a descent share price? I am sure non production exploration companies are higher than the lousy 0.65 that we are at this moment in time."
One can only talk about movement - and there is nothing wrong with fml individually - the graph below tells the story - fml compared with the S&P/ASX 300 All Ordinaries Gold.
fml is travelling quite ok and all goldies over australia have similar patterns - in fact the same holding back pattern is world wide.
This is no mystery - look back over say 3 or 4 decades - goldies move hugely - but only at the end of a physical gold boom - and we haven't had that yet.
Of course if you are only going to compare fml to exploration companies - that is really not apples to apples - that is a successful producer to gambling stocks - there is no similarity there, nor much logic.
I suggest that if your friends had got in at 2c they would be quite happy presently. I only hope they aren't desperately unhappy when fml rerates either on the last quarter results or/and on this quarter results. That is the way it will go and then a huge jump after the gold price has peaked ------------------ AFTER - I say again, look at history.
Personally I think any money that has been tied up in fml hopefuls in the last short while is probably quite lucky - have a look at how others have performed and also look at how other sectors have performed - things haven't exactly been rosy in many places - many areas have plumbed the depths of gfc lows - remember fml went down to 2c in the gfc - nowhere near it this time thankfully for many.
have a great night
pinto
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $40.11M |
Open | High | Low | Value | Volume |
14.5¢ | 14.5¢ | 13.5¢ | $12.79K | 91.36K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 60148 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 14983 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 60148 | 0.135 |
3 | 90732 | 0.130 |
4 | 118328 | 0.125 |
2 | 12000 | 0.120 |
1 | 1000 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 14983 | 1 |
0.145 | 39928 | 3 |
0.150 | 54554 | 2 |
0.155 | 6500 | 1 |
0.160 | 107300 | 2 |
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