FML focus minerals ltd

high costs - and how fml might become viable, page-8

  1. 497 Posts.
    Alex999. I disagree with your major discovery theory. I would love a major discovery but in my opinion the comapny just needs sustainable grades to rise.

    With a basic view this is where I see the major issues

    Problem 1/
    It looks to me that the company stopped drilling (conserved cash) around the 3rd qtr of last year and with the issues of the mount, the closure of Tindalls undergroud and the move to open pit resulted in the grades to fall to unsustainable levels at Coolgardie.

    To Fix/ Start Drilling. Done

    Problem 2/

    Admin costs I agree have got way out of control for a company the size of FML.

    To Fix/ Replace CEO and institute cost reduction program. Doing

    Problem 3/ Board strategy of growing aggresively into a rising gold price.

    To Fix/ Change strategy to Sustainable gold production. Doing

    Problem 4/ Cash Shortage

    To Fix/ raise cash. Done.



 
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(20min delay)
Last
37.5¢
Change
0.015(4.17%)
Mkt cap ! $106.0M
Open High Low Value Volume
37.0¢ 37.5¢ 36.5¢ $83.16K 224.6K

Buyers (Bids)

No. Vol. Price($)
1 10000 36.5¢
 

Sellers (Offers)

Price($) Vol. No.
37.5¢ 4079 1
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Last trade - 15.50pm 16/07/2025 (20 minute delay) ?
FML (ASX) Chart
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