FML 0.00% 18.5¢ focus minerals ltd

Fingers crossed that you guys are right and instincts will win...

  1. 20 Posts.
    Fingers crossed that you guys are right and instincts will win out, bringing a trade halt and announcement next week.

    On the flipside; it's been good to see that the new support level of around 7c has been tested and passed a number of times in recent weeks.
    I imagine this is partly due to day traders and the big boys bouncing it up and back from 7.1 to 7.8 several times for their 10% steals and re-accumulations.

    Past few days volumes have been relatively steady and so has the price; IMHO this is pointing towards the news and next leg up as several of you veterans are leaning towards.
    Or a longer pause and more interim trading availability; either way, win.

    As has been mentioned several times in this arena, picking up FML shares at <8.0c is a bargain at this point.

    I am wondering though, if the news does come and the price goes up; at what point will FML look into share consolidation to bring down the overall number of shares on offer and take them from a penny stock to one of the big boys? They certainly have the potential.
 
watchlist Created with Sketch. Add FML (ASX) to my watchlist
(20min delay)
Last
18.5¢
Change
0.000(0.00%)
Mkt cap ! $53.01M
Open High Low Value Volume
18.5¢ 18.5¢ 18.5¢ $157 847

Buyers (Bids)

No. Vol. Price($)
3 19662 18.5¢
 

Sellers (Offers)

Price($) Vol. No.
19.5¢ 57796 3
View Market Depth
Last trade - 10.02am 11/11/2024 (20 minute delay) ?
FML (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.