Infose,
100% agree.
I was merely trying to point him to some people who may know a little (lot) more than me with respect to his "overpriced at 7 cents" comment. We also have Ord Minnett who had a March 2012 price target of 11.5 cents.
Point is, the market says it is valued at 6.8 cents now, you can make your own plays on what you think it is worth, but i have yet to see any brokers or the like come out with a "sell, sell, sell" on FML and state it is "overpriced" at current levels, only edutian's ex father-in-law and he didn't provide any data on it. At least the brokers etc... try and explain why they propose such a valuation.
Note: that 11.5 cent valuation was with an AUD gold price of 1375 for FY11 which is now looking a tad lean.
what wasn't, page-19
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $40.11M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 13.5¢ | $12.79K | 91.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 60148 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 14983 | 1 |
View Market Depth
| Last trade - 15.59pm 19/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |