Hello Reiner001, and all hope you are enjoying this correction. I am loading up selectively as planned. Summer doldrums have not hit gold taht hard and AUD falling with it so no loss of profitability form FML at this stage - bewdy mate!!
Macros is dead right this is just sentiment. Gold shares are undated options - meaning - a derivative of the business you invest in. FML busy mining and taking over etc - share price doing its own thing same as all stocks at present. People are selling equities not FML or CRE. I love this about the market it creates volatility and opportunity.
Just completed a massive internal review of CRE and sent a letter to Don T outlining what we all want to know - hope it influences them to report on the vital data we all need once the transaction is complete.
I don't know why anybody was invested in CRE from the 2008 shut down to early 2010. I like the new deal after the review but we all need more information on how FML will keep those costs down and other issues outlined in my report. Sorry it is internal at this stage but will share some of it later here for my HC mates / users. Point of saying this here is that I have gone into bat for all shareholders and after a thorough review I do still like the deal.
I just did a large report on NMG via HC NMG thread if anybody wants some weekend reading - or some other time - a free public report. "Cashy" - Peter Cash is over there now and pretty excited. He did a great job for FML I know a number of you talked to him over the years.
Back to work gotta run - very best, CW DYOR
FML Price at posting:
6.7¢ Sentiment: LT Buy Disclosure: Held
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