Thankfully the acting CEO has already begun with redundancies and I assume a large number of cost reduction initiatives.
The contract for toll treating at GSM ends in June. Hopefully some sane heads evolve at FML and are willing to stop if it doesn't make economic sense and just focus on building reserves there.
In my opinion the greatest asset that FML have at the moment is firstly its CASH, secondly vast areas of unexplored ground and lastly its infrastructure.
In my opinion Higher grades is the key and this will only evolve through further drilling around infrastructure. I look forward to the qtly and the progress they are making on building Res.
sp going up..., page-8
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Last
11.5¢ |
Change
-0.015(11.5%) |
Mkt cap ! $32.95M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 11.5¢ | $3.285K | 28.21K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40000 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 8690 | 1 |
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| Last trade - 11.36am 09/08/2024 (20 minute delay) ? |
| FML (ASX) Chart |