re: Ann: CRE: FML: Takeover of Crescent Gold ... Interesting action and range of comments.
FML is in trouble!
Last week the 200m shares traded ramped the price and now back at .73 and if it closes here and below I believe its heading DOWN.
Nothing is ever as shareholders believe.
Look at CCC on the charts
FML chart can go either way but I'll punt on DOWN which means last weeks rally was that only a rally induced by larger players who knew what was happening.
CRE has a troubled past and lost large amounts of MONEY and it's major shareholder Deutsche Bank wants their money back. So this is their deal.
CRE have a mill they couldn't get working. They are now toll milling and making money (but marginal as their costs are high and probably not enough for the hungry mouths) their dirt was about 1.3 gm per tonne and last I heard was going to dig ore up to 1.8gm / tonne.
Sentiment "not happy"
look at AAM, NAV, FML, CRE all hopeful BUT!
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