you got my thumbs up infomativeation,
what some people don't realise also is the dilutionary effect really only comes into play when a company is paying dividends. With these sepculative small cap miners most people are here for percentage gains on their investment. On a micro cap like FML when the share price was 2cents we have seen 300% gains to above 6ents already, within 12 months, and it still hold vry strong above 5cents.
Although hypothetical, i would question if FML on a 1:10 reconstructed basis would have gone from 20cents to 60cents in the same time frame? or more importantly wether it would have held strongly above 50cents in such a case?? personally i doubt it but being hypothetical we'll never really know.
regards
Davo
for an example of how long it takes for a share to recover from bad news after a consolidation take a look at Matsa. MAT. personally at this early stage of development, which FML is, i wouldn't risk it.
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.11M |
Open | High | Low | Value | Volume |
14.0¢ | 14.0¢ | 14.0¢ | $875 | 6.251K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 112305 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 9930 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 112305 | 0.140 |
2 | 54554 | 0.135 |
3 | 27509 | 0.130 |
1 | 33474 | 0.120 |
2 | 18181 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 9930 | 1 |
0.160 | 37300 | 2 |
0.165 | 71956 | 3 |
0.170 | 10000 | 1 |
0.175 | 16889 | 3 |
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