That's right Z... what do you know, Teranga defer the hedge and cash grows from $11m to $26.5m in a single month with costs set to plummet after the plant expansion.... that's the future. The biggest risk of course is the hedge book next 12-18 months and commissioning this quarter, but the operators are ex Placer Gold, these guys know what they're doing.
I sold my FML several years ago at 12c from memory... I followed it for a couple of years until early 2011 but eventually gave up on it. You say you hold, can you pray tell explain why? The MD doesn't instill much confidence when I hear him present. He presented after Les Davis at the Gold Symposium in Sydney in November... one was focussed and efficient with every spoken word... the other all over the place
confused, page-40
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Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $38.68M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 13.5¢ | $6.856K | 49.57K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 36133 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 67030 | 2 |
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| FML (ASX) Chart |