Simply put 2 factors why FML has done well is that the Australian Gold price is no different than it was like this time last month if you measure it with the Exchange rate today at the low of 0.90 cents compared to 0.94 high of last month as example below. Even if we go to $1,100 we are only $60 below the high of last month, based on 90cents, likely to be lower.
US gold Exch rate AUS gold
$1,200.00 $0.94 $1,276.60
$1,160.00 $0.90 $1,288.89
$1,100.00 $0.90 $1,222.22
The second factor less day traders bullish on Gold and did not manipulate this stock today, so the true investors have maintained this where it should be.
The third thing like I said before, the only issue with this stock was the amount of shares on issue, if we didn't issue the last lot of shares to our mates we would be valued at 12 cents.
And don't be suprised there is an announcement coming out this week re the mill and perhaps the locked in some gold in the $1200 mark as it is always a normal trend for January to have a lower gold price in January.
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $40.11M |
Open | High | Low | Value | Volume |
13.5¢ | 14.0¢ | 13.5¢ | $497 | 3.569K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 14865 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 22044 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 14865 | 0.135 |
6 | 71439 | 0.130 |
2 | 11763 | 0.125 |
3 | 37787 | 0.120 |
2 | 18181 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 22044 | 1 |
0.145 | 11549 | 1 |
0.150 | 144463 | 7 |
0.155 | 18648 | 2 |
0.160 | 52359 | 4 |
Last trade - 12.22pm 08/10/2024 (20 minute delay) ? |
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