Thanks @cotton91 that article makes a lot of sense WRT FLC SP & that as retail SH we do tend to pay attention to daily SP movements.
But we do seem to be at the mercy of the trading algos which always force the SP into the red (Point 6) trading near its floor(Point 7), and Point 8- good news doesn't result in a 'new' base for the SP to rise from. Maybe even Point 9 - how do we measure short volume?
@lilac reassuring that RI large SH is a great motivator to him and also @vango that a TO will not be in his interests at current SP.
FLC -now more focused in China SE Asia region which @ywtoh mentioned (when discussing DEM), may not viewed favorably by Aussie investors (IMO WRT the poor inter-government relations & a contributing factor to SP weakness).
I still believe in our FLC and that the only way out of here is those big orders, that hopefully are not too far away.
Chart, page-8064
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12.0¢ |
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Mkt cap ! $129.7M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.0¢ | $18.20K | 150.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 165808 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 98766 | 1 |
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| Last trade - 10.15am 01/07/2024 (20 minute delay) ? |
| FLC (ASX) Chart |