morning all,
these last few posts bring a few thoughts to mind - some very much relating to fml and some moreso general.
as to the pog - very relevant to fml the business (of course not necessarily relevant to the sp - god knows why not, I don't)
i note with interest that many mumblers are coming out of the cupboard (interestingly not on the fml forum) - about the end of bubbles and I told you so etc. - some amazingly stupid articles on yahoo finance (only days late) -------- I am always stunned that when in an uptrend as in almost all uptrends - the corrections are sharp and steep ----------- as they should be --
but many in the market read these - even after only a few days in an uptrend that has been going years -- these dills call it over --------------- amazing.
One thing - whether you value charts or not -- old fashioned vanilla long term trendlines are very very reliable -- and in the case of gold if it isn't breached ---------- then the game is still well and truly on.
also I think it was kiwi (sorry it might not have even been in this thread) - there was talk about all bets off for several reasons ------------ hmmmm, well I actually thought most of the reasons indicated why gold would stay strong - or at least desirable.
In the end of the day - a lump of gold is a store of value - no matter what.
I am constantly amazed at the argument that gold doesn't produce any income etc etc etc ------ hence it comes as no surprise that it could plummet --------
funny how they never mention the price of land in that light eh? - land sits around exactly the same as gold - sometimes you can grow things on it and build on it - same deal gold - sometimes you can put it in your teeth and wear a ring etc.
but really there are more similarities than less - AND, we have to dig gold up - land is just there. And fml dig gold - increasing amounts of it in a time where the world is very economically shakey.
As to fml --------- well traders have had a bad year in general and so have investors ----------- but only investors who have played by the old rules.
I think it is charlie aitken who says that almost all market participants play the game the wrong way around -- almost everyone puts their investment money into what we might call bluechips and trades the smaller companies or specs -------- he reckons it should be the other way around ------ trade the biggies and buy and hold the specs -------- if you think about it - that makes a lot of sense.
to me fml as you all know is a buy and hold - I wouldn't trade it for anything - there are far easier things to trade imo.
But as to investing - well, unless the pog really goes through the floor then imo fml is a tremendous buy and hold and wait investment.
sure we are waiting for confirmation that fml can produce 200k p/a -------- but the reality is we are probably doing that right now (assuming god stops the rain) ---- and even if the rain holds us back a bit -- can you seriously see us not going near or over 200k?
Have a look at other companies that have run a bit in gold -- they all 'talk' about doing 200k - but the reality is that most of them are going to do that a fair way into the future - if indeed they actually get there.
Look at regis and then look at apollo --------- have a serious look at apollo
regis is give or take free dig and 1.4gms p/ton roughly - at least that is the quality asset ----------- have a look at apollo
how long is it?
How wide is it?
it is free dig (very soon)
it is 2 gms p/t
god knows how big the ore body is in total
regis is worth about $1.5B
focus is worth how much?
Hello!
And that's - one mine in fml's treasure chest - ONE.
add the others that are producing and the mill assets and agreements AND the highly secretive TI
does this add up to a company worth about .25B
Hello again?
imo - for investors not to be interested in this at these prices ----------- well, they deserve to have had a bad year.
One thing one of my staff said to me yesterday was that people were frightened at the moment to take risk --------- tick.
She said it was a bad time to take risk ----------- wrong I said.
The very very very best time to take risk - is exactly when others are too scared to take it.
that is exactly the time when fortunes are made --- NOT when you cash out ------------ it's when you buy in at bargain prices and have the guts to hold on.
come on 2012 and 2013
anyway all ---------- have a great day
Pinto
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $40.11M |
Open | High | Low | Value | Volume |
13.5¢ | 14.0¢ | 13.5¢ | $802 | 5.754K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 14865 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 19859 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 14865 | 0.135 |
6 | 71439 | 0.130 |
2 | 11763 | 0.125 |
3 | 37787 | 0.120 |
2 | 18181 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 19859 | 1 |
0.150 | 144463 | 7 |
0.155 | 18648 | 2 |
0.160 | 82359 | 5 |
0.165 | 36616 | 2 |
Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
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