FML 3.70% 13.0¢ focus minerals ltd

which is more likely?, page-6

  1. 1,119 Posts.
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    Stefoid you obviously have a risk appetite as you do hold based on your disclosure.
    Not sure defining "smart players" as those people who have a smaller appetite for risk is correct? - Unless i interpreted your comments incorrectly?
    I dont believe that because someone invests on behalf of others or as a representative of a so called sophisticated group can be blanketed as a "smart person", or "smart people".
    My perception of FML right now is that at 5 cents per share the risk/reward is very very low. If we were sitting at 12 cents i might think otherwise.
    At five cents i think holders and non-holders would have to agree that there is a plenty of upside and very little lowside risk at 5. Thats not to say that now is the time to get in because next week or next month we'll be at 8 cents, thats just not the case but at some point soon it will be. From 8 cents we could easily go to 12 or 16 in the next year. Plnety of potential catalysts to trigger this.
 
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