FML would not be able to fund a new mill from existing cashflow. My guesstimate for a new mill would be about $80 mill up. Probably double that would be more accurate.
Debt capital is the next option. Not too smart when we seem to be entering a period of increased interest rates.
Remaining option is equity capital. Mine the shareholders.
Hope that they do not get too carried away. Overly ambitious growth aspirations (hey, it means bigger management salaries) have been the undoing of many a company.
the mount--a mini super pit??, page-16
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FML (ASX) to my watchlist
 (20min delay)
|
|||||
|
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
| Last trade - 15.58pm 16/08/2024 (20 minute delay) ? |
| FML (ASX) Chart |