If the cap raise goes through as planned, I believe FML is more likely to reach a market cap of a billion dollars a lot faster than it ever would if we were running solo. I am not saying that it will reach those heights in the next year or two, in fact I doubt it, but it may. Having said that I am not happy with this deal either. Just when the sp was showing signs of life and gold was rising this happend. Look at where we are now 3.5 cents. But I do think it will rebound to mid 4's plus once the dust settles providing gold holds above $1700. It has been way over sold. Sentiment has to change as FML is way under valued like SBM was while the market reacted negatively to the merger.
Holding - FML, SBM, AYN, MAT
FML Price at posting:
3.5¢ Sentiment: ST Buy Disclosure: Held
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