Hello Alfieval2000, this is why you are stressed I figured as much, sitting on a long term loss. Because of this I will spend 30 - 40 minutes of my Saturday morning and try to explain this as best I can.
If it helps just a little then it was worth it. If you all want to continue to TD my posts and dislike me until the price reverses - then so be it at least I tried to communicate and had the guts to post when the chips are down (in terms of share price). Later when the SP is headed up past 10c I hope you remember that I stayed here and continued to communicate when under attack (on occasion) directly for my input. So what, I can handle that, clearly I am not here for the votes I hope this is obvious now at least. Here goes...
1) Of course I don't dispute the share price fall the chart is obvious, I understand you choose to focus on this. I am way in front over 5 years have played the pulses in that fluctuation.
2) We are not enemies, I am on your side in that I share my research with you for free and you do the same. We also - yes - share opinions as we are rightly allowed to do.
3) I entered, average about 5c and are not stressed that I entered a bit early. I could not help that this time because I had to visit them as part of my work. I was going to see things that gave me insight on the ground position and the operations, and plans - that the market might not have had the chance to see. So I loaded up a bit early. Now the report is out on the quarterly this has passed. The price is where it is and I know this will pass. I might have bought in too early anyway underestimating how low this could go.
4) I keep saying the share price does not reflect the operations. The difference is stark, this is where we APPEAR to disagree.
5) When management is made responsible for the market I draw the line, we DO disagree there. Down to opinion. I shared the opinion of an industry insider and was attacked by Winston2 for that so be it. We could have discussed that but the opportunity is past now, you will not hear his view I cannot discuss that as it is unsubstantiated - this was a point of angst - thanks Winston2.
6) When I post I am talking about the business and the business potential, the operations and the geology and other issues associated with assisting you guys understand the BUSINESS you have invested in.
7) I am going to be blunt and I mean no disrespect. It strikes me as unusual at times that you want to tell them how to run the company when you think share price is the only important aspect. And yet many of the basics of mining appear to be past your sphere of interest and expertise. E.g. you would have them pay out dividends too early IMO and theirs, when growth and de-risking is a far better option for long term ROI. ROI = Return On Investment.
8) You guys are focused on the share price which is influenced by sentiment on the sector, gold and shares in general. It is also influenced by at least one distressed seller at present. It is also influenced by the company and their pathway to growth, and yes at times by decisions they make good and sometimes not so good short term.
9) They are at the mercy of brokers that might not pull the trigger and scream BUY - until AFTER their plans come to fruition, and the insiders are set, and the savvy investors have built a large position cheap only in the later stages pushing up the share price. Come 8c and rising AFTER we are a more profitable LARGE scale producer, built from nothing ($20M MCap) you will see everybody with a rear vision mirror screaming buy FML. And FML have done wonders!!!
10) Currently the 'operating cash flow' you refer to includes dramatic expansion. This is setting them up for the future see point 5, I might have expanded on.
11) Shareholders DO NOT pay the salaries that is just wrong. Not even directly or indirectly. We come and go qas we please, this is a fundamental flaw in your thinking IMO. The register turns over without any affect on their salaries.
12) You have posted a heart felt honest message and I agree everybody has the right to post as stated above. I would be happy to talk to you if you are interested. It is a shame terms like rah rah club (insulting) and whingers (insulting) are used. I get a little blunt at times, we are all only human. I try not to insult those with a different view or different expertise.
Conclusion: I have tried to cover all this over and over however if you want to focus on the spare price then I cannot and don't want to stop you doing that.
I hope you do well with your mining investments. Sincere regards, CW DYOR&DD
FML Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
(20min delay)