i have to disagree, a share consolidation is not essential to FML's advancement at all. Yes i know there is alot of shares on issue and this is abit of a pain but a share consolidation on its own is not what we need right now. Management is entirely focused on getting 3MH finished and up and running with foresight into possible delays by purchasing spare parts. They are also heavily focused on exploration at Tindals as well as the Mount.
However one exception, i would be happy if the share consolidation was after the aquisition of a major asset. Down the line im almost certain we will see some sort of share consolidation\share buy back\sale of unmarketable parcels to reduce the register but from my chat with Peter Cash a few weeks ago now it wasn't high on their agenda and i don't think it should be now.
FML Price at posting:
5.2¢ Sentiment: LT Buy Disclosure: Held
