Not saying you are, but if you are, don't stress. I completely agree with your sentiment and long-term perspective of FLC.
IMO the stock price will remain low for a while. I don't think it will start moving until water becomes a publicised issue and there's a few ways I see that happening:
1. More positive annoucements which start to attract funds. I did see FLC get talked about a little after the last annoucement re: china and taiwan orders
2. An announcement about FLC strategically seeking opportunities in the US to take advantage of the Biden $100+ billion being injected into water infrastructure etc. I feel like RI doesn't like these kind of annoucements, but tbh I think he should consider popping them in once in a while to boost the FLC profile.
3. Water starts becoming a major issue in countries AND the news is widely publicised in Australia.
I do get the feeling that water will pop eventually and the meme investors will pour in with their FOMO. The feeling is purely based on the story - decentralised, capital efficiency, tested product, water treatment is a basic need in the modern world. I just don't think it will be anytime soon (thinking 2-5 yrs)
I do however think we're close to the bottom so I'm just using this opportunity to top up a little where I can
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Last
9.8¢ |
Change
-0.001(1.01%) |
Mkt cap ! $105.9M |
Open | High | Low | Value | Volume |
9.8¢ | 10.0¢ | 9.7¢ | $13.49K | 137.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12585 | 9.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 124214 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 12585 | 0.098 |
2 | 209475 | 0.097 |
1 | 105263 | 0.095 |
1 | 50000 | 0.094 |
1 | 5799 | 0.092 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 124214 | 2 |
0.115 | 150000 | 3 |
0.120 | 272053 | 4 |
0.125 | 50000 | 1 |
0.130 | 90364 | 4 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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