I've always argued on this board that a share cons is a waste of time... maybe I'm wrong... but I do know that the numbers - in the end - will not lie. I said it at 2.5c and I still think the same. On earnings alone, investors will find it difficult ignore FML for too long.
There is just too much going for FML to keep it down, irregardless of the number of shares on issue. The POG looks set for the next big leg up and FML this quarter will receive more than they ever have for gold sales, inflation rearing its head (IO, energy, UK, IMF), Nickel up 16% in a week with Nepean plans coming close, drilling now making resource forecasts a reality, and FML soon to be awash with cash.
Does 6 or 8c make the coy look cheap? Maybe. But I get the impression that this stock could be one that many people look back at and say, "If only"...
PS: There were plenty of instos knocking the door down at 4c when we still had debt, a hedge and no mill...
Cheers,
C12
FML Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held
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