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13.5¢ focus minerals ltd

Just dug out my lot from the bottom drawer. Kind of a reminder...

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Albaman

561 Posts.

11/07/16

21:29

Post #: 18244688
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Originally posted by bigjonos ↑

Whatever we think of the UK decision in the referendum on withdrawing from the EU, it seems certain that it is bringing as time of economic uncertainty, and not just in the UK.
One of the first economic results was a rise in the price of gold as people rushed to security. We saw a rise in FML of about 10% on Friday when the news broke and I think there will be considerably more to come.
What I am really hoping is that this will push the Board to bring forward their plans to move into a mining stage. The price of gold is near $A1800 already and this must make profitable mining more easily attained. When mining commences I think Focus will be assessed in a completely different manner, as the market see a profitable gold miner, which works professionally and economically. That is when I see a much larger rise in the price of FML. I may be wrong - it has happened before, but my strong belief is that we will be seeing a quite different company and stock price in a year's time.

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Just dug out my lot from the bottom drawer. Kind of a reminder from some years back. 6c to 11c in a few days then burned their ass on the fast slippery dip to 3c.

FML Price at posting: 67.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 13.5¢		Change 0.000(0.00%)		Mkt cap ! $38.68M

Open	High	Low	Value	Volume
13.5¢	13.5¢	13.5¢	$7	52

Buyers (Bids)

No.	Vol.	Price($)
2	52002	13.5¢

Sellers (Offers)

Price($)	Vol.	No.
15.0¢	3300	2

View Market Depth

No.	Vol.	Price($)
2	52002	0.135
2	20009	0.130
3	62595	0.120
2	18181	0.110
1	8571	0.105

Price($)	Vol.	No.
0.150	3300	2
0.155	14055	2
0.160	37300	2
0.165	71956	3
0.175	16889	3

Last trade - 10.17am 05/09/2024 (20 minute delay)

FML (ASX) Chart