I think 32k hedging was part of cash raising condition, nothing wrong with that.
Guys I as see after july, there is a big chance of FML being debt free and cash flow positive.
Assuming
FY10 target : 75k
gold price : 1300 aud
cash cost : 600 aud
profit/oz : 700
operating cashflow : 0.7 * 75 mn = 52.5mn
mcap of fml is 40mn
Its profit potential in FY10 52.3 mn.
and there on target of 100KOZ each year.
I think its a no brainer.
All opinion otherwise, Any caveat about FML are welcome,
I think 32k hedging was part of cash raising condition, nothing...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FML (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
15.0¢ |
Change
0.005(3.45%) |
Mkt cap ! $42.98M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 15.0¢ | $7.169K | 47.79K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 72753 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 14055 | 2 |
View Market Depth
| Last trade - 15.33pm 13/09/2024 (20 minute delay) ? |
| FML (ASX) Chart |