FML 3.70% 14.0¢ focus minerals ltd

has the rot set in?, page-8

  1. 2,158 Posts.
    Hello Jahar you exhibit so much wisdom in your post TU and new favorite as well - I really like your style and believe your intent was good and the message was also polite and well structured. I am not attacking Caver; we all have our limits set by personal circumstances and levels of experience.

    I spent a bit of time in here yesterday to assist any way I could with emotion and nerves. I shared fact and contacted the company who also freely shared their time to communicate in here.

    I think it is pretty simple to buy low and sell high. I see people want to add when the price gets high and sell when there is too much pain in their paper position - they lock in the loss. If they have to so be it, if they don't then they will regret it a bit later - in a few days, in a few weeks or a couple of months they will wonder why they locked this in.

    I could have bought lower my only disappointment is that I could have bought more shares for my money at this level and gained greater leverage when this reverses - which it will IMO.

    The CEO of another miner owns shares in this company and read the report carefully. I would never divulge his name. He is comfortable that the money being spent and the high operational profit sourced cash burn is setting this up for a great future - because he understands the business.

    I keep repeating two things:
    1. SP and operations do not necessarily match.
    2. These are 'undated options' on the companies future and the gold price.

    Number 2 is where you should concentrate your due diligence. If I can get my hands on more capital I am going to add. Great chart F&B well done TU.

    If Caver has personal reasons to sell so be it. Notice we did not pull the trigger for anybody when they buy or sell it is up to them to use the market to their advantage. I prefer to lock in profits. Sometimes I lock in losses, but only when I see I was trading in near a top and the fundamentals don't match a higher SP in the future.

    This quarterly was a mixed bag IMO. Having read the fine print and talked to the company, and with my analysis on the AUD POG, finance markets etc i am comfortable to add and or hold.

    Cheers,
    CW
    DYOR&DD
 
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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
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Last trade - 15.59pm 19/07/2024 (20 minute delay) ?
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