One thing certainly holding Focus (FML) back is the size of its share registry. Its too liquid, oh and the minor fact they haven't yet delineated where the gold is coming from further out than around 2 years just yet!!
EXM if/when they get to a production stage would certainly have similar issues with shares on issue.
I'm looking forward to some work being done at the Browns prospects- Tanami, as this is a new and one of the largest fields ever granted in NT and has the potential of many elements other than just gold. Refer announcements late last year.
Whilst I agree than Juno still has some hope of re-instating its original estimates and a bounce to 1.6-1.7c its unlikely. Not through lack of trying however as they're now working on area's outside where they originally planned.
I feel they'll be taking on some debt or issuing shares before too long. I think the 75 million worth of sells at 1c is certainly an attempt to hold it steady until more results.
Its tempting to buy more at 1.1c but think i'll be waiting it out a few months. Best of luck with results.
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2 | 6098 | 3.320 |
1 | 10000 | 3.310 |
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