morning,
". IMO the market has no clue how profitable some of these companies currently are or how massively profitable they are at higher gold prices (mostly due to $1100 future gold price assumptions).
However, for a bull market, these issues are positives are they not? You need continued negative sentiment for sustained gains before it gets too overheated and everyone is on the one side of the trade."
I am not completely sure what you are saying here, but it sounds like what I have been thinking for months - this ignorance in the general market has allowed us to buy into fml at bargain prices - and then over the coming months we will clearly have many positive announcements coming onto a market that will finally awaken.
Many of us have been complaining about the low sp for a long time - but every cloud has a silver lining - and this is it - once the value of fml is realised - and it won't come with a bang - it will be a growing awareness - then the sp 'should' start a strong steady movement from the bottom left of the page to the top right of the page.
There will of course be large gaps up when we have good results from existing workings and of course elephant country news.
I will say again - to all except for short term traders - if you haven't got a strategy for getting out or staying in this stock (or any other quality goldie) - for god's sake sit down and get one - because when the ride starts - it is so difficult to stay in the saddle - you need to have thought this through from the comfort of an armchair well before the rocket takes off - and take off it will.
If this goes the way of the past - then you don't get too many chances in a lifetime like it - you don't want to miss the move and you don't want to surf down the other side when it is over. That said, it is critical to know if we are going to get returns from the company - either cap. returns or dividends - critical.
have a great morning
Pinto
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.11M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10000 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 45008 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 10000 | 0.145 |
1 | 93618 | 0.140 |
1 | 929 | 0.130 |
1 | 33474 | 0.120 |
1 | 10000 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 45008 | 3 |
0.145 | 41700 | 4 |
0.150 | 54554 | 2 |
0.160 | 11109 | 2 |
0.165 | 34919 | 2 |
Last trade - 07.42am 20/08/2024 (20 minute delay) ? |
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