Yeah, well the gold miners hasn't been a great place to be for the past 7 years or so. Many miners have been facing margin compression for many years now. At least FML has cash in the bank, gold tenements, have hired new Geos and are (slowly) increasing reserves. I'd rather a slow moving investment rather than a company burning through cash and diluting investors. I believe the strategy was right to put the mine(s) on care and maintenance to conserve cash and explore. However the market doesn't seem to value explorers at the moment, a 'gold in the ground strategy' doesn't seem to get people excited...
Yeah, well the gold miners hasn't been a great place to be for...
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Last
15.0¢ |
Change
0.010(7.14%) |
Mkt cap ! $42.98M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 15.0¢ | 14.0¢ | $18.62K | 129.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3329 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 49774 | 2 |
View Market Depth
| Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
| FML (ASX) Chart |