FMJ fortis mining limited

just a consolidation of my thoughts, page-7

  1. 5,879 Posts.
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    Yes the YMYC was an interesting listen and they made some good points, but you have to be careful forming your investment view from that show.

    The reason is that every time I have watched it, there are people from the general public (who probably do have a fair idea about the stock) asking for advice from professionals about companies they know nothing about.

    Listen to the question about RRS preceeding FMJ. The were trying to make investment deductions based on the SP from 10 years ago without the slightest hint of knowledge about the business.

    How can anyone make an informed statement about how to invest in a business about something they know litte about?

    In general the points were valid, but had no direct reference to where RRS is today.

    FMJ was the same, but again they kept emphasing the fact that it has run up some 300% in 3 months, where the reality is the jump was from a MCap of around 10mil and there have been three significant developments in this time.

    That being said, I thought the overall consensus was pretty fair, and they did ask some good questions.

    In my mind FMJ is speculative with a fair amount of blue sky if it all works out.

    Bottom line - DYOR

    And sitck with your own conculsions, unless proven wrong.
 
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