fml discussed on sky business news, page-11

"Now I know why I don't have tv :)"

Lol at Sky News. Thats the place to be to get ahead of the investment curve! LOL.

"well, that's how to spoil a morning cuppa?"
- Actually, I found it entertaining reading. Goes well with a cuppa.

- "Had FML review they reckon its going to go down to 5c". On what basis and valuation metric. Do they even know how to value gold companies? Do they even look at forward production, gold price and forecast profit?

- "Expecting a correction in gold price". Again, on what basis? Because it is a bubble? They probably don't even know what gold is, does or why it is headed higher. They probably thought gold is a bubble for years, without actually understanding the mechanics driving this market. The factors we are facing right now... European banking crisis, removal of Swiss Franc as alternative currency, and the debt issues are all factors that are driving the price higher - not lower.

- "Italy to sell of a lot of Gold in next few weeks to fund debt". Ha! Why sell real money, when you can just sell paper money? They will not sell gold to fund debt. If they did, it would only be a token amount to pretend that they are being responsible. Gold is what they will need in the new currency paradigm when this current monetary environment falls over. At the moment, they are just trying to keep it going for as long as possible - hense all the rumours overnight about China/Russia/Brazil/XXX buying Italian paper.

- "PE too high 16" - how about we wait and see what the full year profit is?

Good job Sky News for keeping it real! :)