called ceo

Called Peter Williams yesterday, and had a chat, regarding FML. Peter is a gentlemen and a scholar and very approachable, it is the third time I called peter in 3 months.He has sharholders interest at heart and I encourage shareholders to call him

Basically what he stated was Nothing to be concerned about the comapnies operations, FML is fundamentaly strong except the share price, of which he has no control over. But states that the S.P is at a ridiculous level and in no way represents what FML is achieveing, and I agree. People are selling down anything to cash up in sheer fear, not unique to FML.

Everything is doing fine with FML, producing Gold and making money, at av price of $560 AUD. Fuel costs not a concern, as contracted out to do mining and processing, though small increase in costs is expected, though not a concern. FML running a tight ship, with 1.8 Million Ounces in resources.

On the Nickel side is a bit iffy with Nickel being hammered, FML needs Nickel to be at 24,000 Tonne, to make reasonable money, however now at $22,000 a Tonne is border line. Expect Nickel prices to recover in 1 years time, but still extracting mining Nickel ore on a trail basis, and negotaions for off take With several companies.

The Nickel Type FML has is Sulphide based the best type, 9more Nickel content),cheaper to process and in demand. the Laterite type Nickle is lower grade and more expensive to treat and extract the Nickel from.

I am quite happy to hold,and accumulate more, at these ridiculously cheap and throw away prices, I supported the company in its last cap raising, why hold bsck/..

The rewards are there for those prepared to hold grin and bear it (no pun intended). The price of the shares are a steal of a lifetime. It is these testing times for holders of producing Goldies that will make one very wealthy and will be life changing for those with nerves of steel, more pain is expected is the short term though.