stock valuation, page-52

hi hilohi,

I agree with almost all of your post (I disagree that they have sold it badly - sure they have made some mistakes, but better than most imo).
And I do agree that it has been frustrating for a lot of people and yes you would have made more in a term deposit so far.

re. " is Focus the company we all say "I told you so" or are we going to be making excuses for them this time next year.???"


Well, you know what I think the result will be - and I can tell you that if we aren't a champion by this time next year - I will be gone.

I have been accumulating for the last few weeks - just picking up what I can when i raise cash - I have another stock I want to exit and when a buyer appears at my price I take them out and put it straight into focus. I only keep a little aside for elephant polish :)

I have been incredibly disciplined so far to leave my dividend paying stocks alone - but only because my other director is a hell of a shot with a stockwhip. Personally I would raid the piggy bank for a while anyway, I think fml is that good. I am like a few of us trying to raise more cash at present because I fully believe that the waiting is nearing an end - I think the engine room will - no, is doing well now and I believe cre will be fine and I sense that TI is a garage for at least one large elephant and maybe more - I have no exact knowledge, but from what I am hearing about the geology, geochem etc. I believe it is a very good bet - better than any I have been involved in. I don't take an investment like this lightly - I have seen some very good ideas and very good potential mining operations burn at the stake before and took me with them - but I am pretty sure this is different -------- famous last words I hope not.

As I say - I really like madam, but I ain't married to her - if she isn't showing her high quality real self by say june, I will be gone.

The numbers will definitely be showing by then - probably even by the end of this month I think - wheter or not the sp moves I don't know, but we should get a look at what Mark Hine has done and that will indicate where we are going.
TI will be well advanced before that I feel so I feel pretty confident that I will be a solid shareholder or into something else - of course it is possible that before june fml may have run hard and overvalued greatly - in which case I would take the money off the table - my love only goes so far.

In short, I am buying and I will continue to buy whilst I see the business working the way I think it is working - and I dammed well hope I am right and the shipjumpers are wrong - but still good luck to all of them

have a great arvo

Pinto