focus valuation part 2 - acquisition, page-22

slura

used to have them ages ago and ditched them when they went "sour"

just picked up a small trading parcel (scanning charts) at rock bottom to trade on the next up-swing on news

so for me the FML is actually a real boon in that regard

However FML is a pretty important "holding" for me - and just need a bit more convincing that CB and team can "rationalise" the mess at CRE

Check out just how much money they burnt up - and frighteningly little on actual exploration - so much tighter accountability needs to be established.

Bottom line: almost couldn't find 2 more different "producers" and I use this term loosely as recently it would have been cheaper for CRE to leave the gold in the ground (can only think of AXM and CTO as worse examples - no offence intended).

IF FML can turn this around potentially a great success story

Reservation: in buying a company you also buy an entrenched culture of practises and have to find lots of "practical compromise" starting from the board and management DOWN

(part of my real life job - impact of established practises and "cultures" on company performance and evaluation)

So all ears - but right here and right now not convinced

Thought FML had more than enough to explore and maximise on ?