stefoid SGG will be making a profit by growing their significant investment in FML.
The only way that can happen is for FML to grow profits and production and margins. Market cap means nothing to them unless there is ROI - return on investment through capital gain on the SP included.
The supply of gold is secondary when you own the gold production.
They want earnings in the form of company profits exactly as we do. That is what I mean by 'commercial' as well and by 'capital is global'. The business rules we see are what they see - they are really good at business!
Therefore they will want to see the assets we have optimised not growth for the sake of growth via pointless acquisition. Unless it is all translated into profits and SP increase they will be very unhappy shareholders. They want what we want. Not only that they have the money for us to go there and we all benefit.
CW
DYOR&DD
shareholders should demand firb 51% cap, page-45
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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 |
View Market Depth
| Last trade - 15.57pm 29/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |