JALINSKI...Price of gold dosent matter to FML at least for now as they have hedged the firsr 34,000 ounces approx ...so current spot prices are irrelevant.
Even with gold at over 900 previously FML shareprice langiushed......the thing here is that they need to prove that they can be profatable AS Gold producers, then we will see a massive re rating....the nickel is an added bonus also in the next 12 months or so..bearing in mind they have 18 million as a debt facility to pay back...FML is going to move ...its just a mater of time.....very good that it closed above 6c ...could be a slow grind up as production needs to ramp up ASAP 3-5,000 ounces isnt going to break any records...lol cheers JAM
pog making a run, page-2
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Last
13.5¢ |
Change
0.010(8.00%) |
Mkt cap ! $38.68M | |||
| Open | High | Low | Value | Volume |
| 13.3¢ | 13.5¢ | 13.0¢ | $1.169K | 8.898K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 222192 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 67030 | 2 |
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| Last trade - 15.57pm 29/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |