where to with stone ?, page-59

For all the stone throwing going on I think the share price says it all at the moment and it ain't flash.

Management need to take seriously the objective to build a cash balance to take away the issue more equity risk. Well managed companies are still around in the gold sector, just look at SBM's cash mountain and the options it gives them.

I appreciate FML has had a different strategy and looked to spend a lot on development and organic growth (bar CRE)but its time for some simple deliverables = cashflow building. There is more consolidation coming in this sector and I'd rather be predator than prey.

Still a believer but constantly reassessing even though I've held for 18 months. No point wearing blindfolds when it comes to investing - although SS likes to stir it up at times its still good to have questioning of bullish views.