FML 3.70% 14.0¢ focus minerals ltd

hi tailspin,yes it is common - just as one would expect in the...

  1. 84,141 Posts.
    lightbulb Created with Sketch. 75
    hi tailspin,

    yes it is common - just as one would expect in the biggest financial crisis in almost a century - and although done with the best of intention - rulemakers have shown that they can't think below the surface at all -------- this will only result in lower quality boards - as if they aren't already low enough. What will happen is one of two things when it is found to be a giant mistake - either it will be overturned and a lot of quality will have been lost along with a lot of sh funds through poor decisions or there will be another intervention - resulting in a cascade of intervention.

    I think it is particularly problematic in lower and medium market cap companies - where the little fish play.

    If there is room to move as you say and boards are forced to use these methods - that looks bad. imo far better to be straight up front.

    all imo

    have a great day

    Pinto
 
watchlist Created with Sketch. Add FML (ASX) to my watchlist
(20min delay)
Last
14.0¢
Change
0.005(3.70%)
Mkt cap ! $40.11M
Open High Low Value Volume
14.5¢ 14.5¢ 13.5¢ $12.79K 91.36K

Buyers (Bids)

No. Vol. Price($)
1 60148 13.5¢
 

Sellers (Offers)

Price($) Vol. No.
14.0¢ 14983 1
View Market Depth
Last trade - 15.59pm 19/07/2024 (20 minute delay) ?
FML (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.