Even with the January production cut, gold price has been moving upwards and should mitigate most of the production shortfall in March QTR.
Unhedged and if gold remains around these prices or higher June QTR should be great.
FML has debt but current gold prices working in its favour. The debt can be repaid without shareholders being diluted on future gains.
The only way FML shareholdings will get diluted is if the company makes a purchase. And this cannot be discounted.
So far looking good. The value has to eventually be realised.
Even with the January production cut, gold price has been moving...
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Last
14.0¢ |
Change
-0.025(15.2%) |
Mkt cap ! $40.11M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.0¢ | 14.0¢ | $34.69K | 242.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 132799 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 4616 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FML (ASX) Chart |