buyback is a good idea, focus just need the cash to do it. Its a dilemma in terms of fund use priorities and I prefer they go for exploration and start putting higher grades through the plant as well. Its been to 8c recently and if it was over 10c would you still be calling it a penny stock? Who cares? Market cap is important and at the moment the market is simply judging focus as a high cost producer. FML has had a good day relative to peers.
too many shares, page-2
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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
| Last trade - 15.58pm 16/08/2024 (20 minute delay) ? |
| FML (ASX) Chart |