FML 0.00% 14.5¢ focus minerals ltd

low volumes

  1. 4,855 Posts.
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    Given the amount of shares on issue the volumes are quite pathetic.

    Despite what everyone is saying this is a trading stock for now with the odd rumor and head fake being perpetrated.

    This stock ain't moving anywhere until the financial and management fundamentals change.

    Sure it will go up a bit and everyone will cheer and then it will go down a bit and everyone will grimace. So what! - nothing has really changed except for the rhetoric.

    My feeling is that Shandong are going to do a massive clean out and there will be a butting of heads and a lot of chest beating and eventually a new team will be put in place and a new direction for the company will be forged.

    At the end of the day, however, if they can't turn a buck and get the efficiencies and economies they need FML will go the way of the Dodo and become a distant memory. I think they have one year to prove themselves and barring any further cash injection they will survive 3 years give or take if they don't get it right.

    I bought in because someone had faith and more than likely knew enough to throw $225m at this company and as I said before it's either the biggest con games in town or there is something special there.

    It's axiomatic to say time will tell but I give them a year to get their shhhstuff into one sock.

    All the best to the long termers.

    Cheers
    BW
 
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Last
14.5¢
Change
0.000(0.00%)
Mkt cap ! $41.55M
Open High Low Value Volume
14.5¢ 14.5¢ 14.5¢ $9.976K 68.8K

Buyers (Bids)

No. Vol. Price($)
1 24701 14.5¢
 

Sellers (Offers)

Price($) Vol. No.
16.5¢ 35125 4
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Last trade - 15.18pm 27/06/2024 (20 minute delay) ?
FML (ASX) Chart
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