Well I did buy FML as a speccy investment at first. doing well at 1.8 cents, when it went up to 10 cents, where I should of should and not looked back.
Now post CRE it was going great, slow and steady. Then one disaster after another, one excuse after another and we are in this situation at 2.6 cents with money in the bank, and if it wasn't for the huge injection of capital by Shandong to get FML out of trouble,(a master stroke by DT in convincing SD to invest in FML, it would of been another statistic in the anals of failed Gold miners .
However now I am investing in proper quality Gold producing companies such as TRY, SLR, KCN, and NST whom with the exception of SLR (soon to pay a divvy as I believe), all pay dividends.
Now the better Quality Goldies have all have been whacked as well in SP declines, but will recover well when the Gold price recovers,also they produce with less costs.
I am not to sure about FML as they now have an entrenced history of failure.
FML Price at posting:
2.6¢ Sentiment: LT Buy Disclosure: Held
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