I've been a holder of FML for a year and hold a substantial holding which they owe me 0.095c. I've been told this stock will go to 0.50c and beyond, but only to see them fall to 0.05c.
I am a firm believer that what they have in the ground is good, but it takes money to extract it from the ground and FML haven't got that much money in the bank. I believe they will have to do some capital raising to make funds available to start mining. My first question is - Would FML do a private placement of shares to a sophisticated investor or would they issue to its shareholders? My second question is at what price could they do this placement at? Please note I am only guessing at these assumptions and would like to hear some feedback.
Also what to people honestly believe FML share price could reach?
I've been a holder of FML for a year and hold a substantial...
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $40.11M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 13.5¢ | $12.79K | 91.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 60148 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 14983 | 1 |
View Market Depth
| Last trade - 15.59pm 19/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |