i called it....see my earlier posts
The first 32000 ozs at $990 isnt bad at all. infact with the gold price settling, i'd wish they hedged more.
Anyway.....i said there would be a spike and the market would sell into it. I do expect the sp to settle between 6.5-7.5c. However i also expect a consolidation once the debt has been/or close been paid off. That should price FML (assumingt 10:1) around 60-70c. a good entry would be around 55-60c (15% fall). Remember FMl currently has around 65mil MCap..which is alot more than other gold species just producing. I expect FMl to hit $1.20 (MCap 120mil) from there. Just look at IGR and others for example.
Good luck all
here comes the dilution effect, page-4
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Last
13.8¢ |
Change
0.003(1.85%) |
Mkt cap ! $39.40M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.8¢ | 13.5¢ | $2.074K | 15.35K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21133 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 67030 | 2 |
View Market Depth
| Last trade - 15.46pm 25/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |