FML must be the cheapest gold producer in ASX at the moment. We have 7 years+ LOM in Coolgardie which can produce 100K ounces per year. Not to mention Laverton is much bigger than Coolgardie. FML was number 6 gold producer in Australia 13 years ago. Now the management just need to prove they can make money from Coolgardie.
There were 3 top 10 shareholders (LM3, TGM and Stone mining) have sold out in the last couple of years, and which probably is the main reason it's so undervalued.
One or two good quarterly will definitely bring some interest back in this stock.
FML must be the cheapest gold producer in ASX at the moment. We...
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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 |