You obviously don't read previous posts, only last night I posted some possible reasons and hoped to get them disputed...
a) Too many shares and is very much a penny stock.
b) Management out of the blue makes a bid for a marginal
company that the CEO *HOPES* he can turn around and make profitable.
c) High cost producer.
You asked "do you think we like seeing the SP tank etc".
Well there are those on this board that actually have written they are HAPPY when the SP falls! They are content to have paid 7.6c when the price was 5.8c a little while later etc. This is the exact reason I say it is an FML lovefest!
One evening the posts were all "lookin good for FML, POG up lot's tonight" and the next morning FML dropped, and instead of logical dismay, there were positive posts just full of denial!
The facts are, this stock is around the same price as when gold was $1,500 and now is $1,750 and we still get what great value people see in this fabulous company.
You are right tho, I guess nobody wants to hear that a stock they invested in is not performing, they just want to hear how it will all work out in the end. I get that and will try not to rock the denial boat too much.
Hard questions should be asked tho to keep it real! ; )
IE
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Last
14.0¢ |
Change
-0.025(15.2%) |
Mkt cap ! $40.11M |
Open | High | Low | Value | Volume |
14.5¢ | 15.0¢ | 14.0¢ | $34.69K | 242.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 132799 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 4616 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 132799 | 0.140 |
1 | 7400 | 0.135 |
4 | 135286 | 0.130 |
2 | 25576 | 0.125 |
2 | 90833 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 4616 | 1 |
0.170 | 111060 | 3 |
0.175 | 11067 | 2 |
0.185 | 8430 | 1 |
0.190 | 7548 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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