Morning all,
I've just come out of holding GDO... the stock has been a bit of a dog for some time, despite having awesome reserves and quite good production... The delays in securing debt finance to cover convertable notes seems to be the big factor keeping the SP down in that company... I'm now looking at FML and specifically have been looking at the recent investor presentation and very briefly the financial reports...
I can't understand how a company with around 2Moz gold reserves that is actually producing over 50,000oz and turning a nice profit is stuck at this SP...
please, those who have been around this company for some time, what are your ideas on this?? i believe they don't have their own mill yet, but still a tidy profit is a tidy profit non the less is it not?
many thanks in advance
factors holding back sp??
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Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.98M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 15.0¢ | $1.985K | 13.23K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 158297 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 12500 | 2 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |