consolidation, page-26

G?day bazza.
Firstly I am strongly in the no consolidation camp. Like others, I have been in enough (& most of mine were not dissimilar junior/emerging resource stocks), to know it just does not work. The only time I have ever seen it work with this type of stock, is when the company is FLYING.

Second, I am a big fan (& holder), but I like to keep things in perspective. You said:

...Here we have a company that is sat on shed loads of gold stretched across vast acreage of some of the best gold producing fields across the globe...

Shed loads of gold? We have an OK resource, with a small reserve (when we acquire CRE, both will increase). I guess it depends on your definition of shed loads. But imho, we need a LOT more gold to continue on the proposed pathway UP. I am still waiting on what I hope will be a big increase in high grade hits over our current production areas and those close by. THAT is where near term value will come from.
As for:

.... of some of the best gold producing fields across the globe...

I really have to disagree here. Coolgardie is NOT one of the world?s best producing gold fields. Indeed, it has been a graveyard for many. To their great credit, FML management have made a profitable venture in the region. BUT, our stubbornly high cost, probably has a lot to do with this notoriously difficult ground. Also their forward estimates of only slightly better cost, even with higher grades, suggest this is the case.

TI is also proving to be a difficult nut to crack; again I suspect due to the ground.

Again, I am not criticising, just saying how it really is.
I am still happy to hold all mine.

Cheers,

ned.