Hi
FML is a potential takeover target.
Maybe we should say not if but just when.
At today valuation of 200M, this company is a cheap buy.
Now to make it interesting, let ask ourselves who can be the parties and does this have any effect on the current SP.
In my thoughts, the parites that are depressing the SP can only be the following:
1. DB
2. Stone
3. Brokers
DB because thay are still offloading
So if you believe it DB, it should come to a end soon
IF stone then we should hear from them before the 15th of May, I do not think the chinese will sit and do nothing.
Brokers because FML mgmt has not kept their promise.
but if it the brokers then mgmt need to go out and have a talk with them.
So I am incline to feel the SP, is due to a TO or corporate action.
How do the Chinese work, pls have a look at SDL and GDO and the movement of the SP. You may get the same picture as me.
There is no fundamental reason for the SP to be so depress on a producing mine or even 2 mines. 175k per year X $300 ??
So friends it not the mine it the MIND.
My money is get ready for a TO bid. I wonder where will mgmt vote after the resolution to increase the salary budget was voted down.
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Last
13.5¢ |
Change
0.005(3.85%) |
Mkt cap ! $38.68M |
Open | High | Low | Value | Volume |
13.0¢ | 13.5¢ | 13.0¢ | $2.952K | 22.67K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 81 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 52678 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 81 | 0.135 |
1 | 3848 | 0.130 |
1 | 33474 | 0.120 |
1 | 10000 | 0.110 |
1 | 5871 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 52678 | 3 |
0.145 | 41700 | 4 |
0.150 | 54554 | 2 |
0.160 | 11109 | 2 |
0.165 | 34919 | 2 |
Last trade - 15.58pm 16/08/2024 (20 minute delay) ? |
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FML (ASX) Chart |