I picked up a few more yesterday too and will also participate in any future raise. I'm still well and truly in the red but also believe FLC will be a success one day and is enormously under priced given back log and future potential.
The share price performance does concern me though. All these funds and high wealth individuals participated in raises, some at a premium of over 300% to current price, and yet they do not support the share price on market. Management have never had an issue raising and the fundamentals have only strengthened over time. So why buy off market but have no interest on market at a massive discount? They are in the red now, fundamentals have strengthened, and still no buying on market make zero sense. Unless there is a CR before IC or something more sinister like a TO...
Ivory Coast, page-103
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Last
12.5¢ |
Change
0.010(8.70%) |
Mkt cap ! $135.1M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 12.5¢ | 11.0¢ | $64.48K | 530K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 77200 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 40000 | 1 |
View Market Depth
| Last trade - 12.05pm 05/07/2024 (20 minute delay) ? |
| FLC (ASX) Chart |