vote yes for resolution # 6, page-29

hi mamba,

thanks for your reply.

Yes I am positive for fml and I guess if I wasn't I wouldn't be here. In fact I am stunned at why anyone would be in a company they weren't positive about.

I do get a bit uppity at times on forums in defending the company.

I do that for a couple of reasons - one, because I think there are some pretty dumb ideas out there and also I think that sometimes you can actually change some attitudes to things that should be pretty obvious - like it really is a smart idea to send your boards and executives by business class and not by cattle class - pretty obvious if one thinks about it and doesn't just go by impulse.

The second reason I believe in defending company reps. is because - on forums they cannot defend themselves.

I have no interest at all in defending them at agm's or other meetings - they can do that themselves - but it sure isn't fair for us to have a go at them without at least some facts when they can't even comment.

I do agree 100% with you on most matters - I also would definitely not like to see more dilution at this point - later for large acquisitions, I will probably feel differently - but at this point I have said - consolidate the position - head down, bum up and no tricks for a while - get the bank balance up into respectable territory. A cr for normal business would not be a good look right now, that's for sure.

I fully agree with this "I now truly believe that the company has had ample ramp up of production across it's operations over recent years, and the time is now for share holders and long term supporters to be given more consideration by the company's management. They will surely be well supported if they do."

At least the start of thinking about shareholders reward must happen inside the next 12 months - I believe the cash flow will be sufficient to start thinking about the strategy - even if we don't act inside the next couple of years - the process philosophically must soon begin.



Maybe I am lucky that I can still buy - but there must be a lot more than me out there because for every share sold there is at least one who buys - and I am only buying a very small amount compared to the volume traded over the last weeks ------------ so there are a lot of buyers somewhere.
As I have said, I know where several million have gone personally - and all the ones I know are strong lt'ers.


As to cre rattling your support - it didn't do that for me - I haven't got the whole story yet - but the way I see it is that the opportunity came and we grabbed it. There was the ? maybe unexpected complication of Stone - but in the end we got the lion's share anyway. I always had faith that we would come out ok in the end - maybe this is the end with under 90% or maybe we will get it all - I don't know, but it looks good from where I sit anyway.

I have to endorse what you say about picking up the phone if shareholders are concerned - it is everyone's right to ask questions of the companies you own - just realise that many are away at present so right now there might be a small delay - but normally they are very good at individual investor relations in my experience.

Personally I find announcements a bit dry - you have to read between the lines a lot - and you have to look for what isn't said - never an easy thing. So personal is the way to go for me.

I have also suggested to many to meet our people if possible - see how they handle themselves. I have met many of them now and I have been impressed with all - it is probably the main reason why I am involved with the company - imo they very much have our interests at heart. And I know that they and their families own many shares.
It is a very good look to see all your senior management at the agm and all the hands go up to vote -- something you won't get from looking at announcements.

Sorry if you think I went a bit far with the peanut gallery thing -------- I have been in the gallery myself often enough - and you should see what I edited out :) - I must have done a pretty good job as I didn't get one moderation - well at least 'yet'.

I can't really take many of the concerns of people I was berating - because I would be working against my own causes - eg. junkets and business class etc..

And I hardly see the point in continually bringing up dilution and sp performance - I know management and board are well and truly aware of our concerns about this.

I also know that they are well aware of the cash drawdown - but it is now that counts - will the assets perform that we have invested in? Will they be able to jiggle the cash flow to continue development at breakneck pace without another cr -- I believe Joh G when he says yes - at $1600 we can go for broke with cre - full development.

fml should be a shoe in at that price also. If the pog drops below that - we shall have to trim the sails - otherwise, wait until the 28th for more confirmation.

anyway, that's enough - thanks again for your thoughts on the matter.

have a great arvo

Pinto