FML 0.00% 13.5¢ focus minerals ltd

guesswork, page-5

  1. 6,607 Posts.
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    On what basis do you think this will go to the threes or twos? Yes, we are in a downtrend, but my goodness if we go much lower cash, bullion and plant and equipment will be greater than the market cap. How many ounces are there in resources without any updates again?

    Note that the CRE sell side is coming down pip by pip and the buy is remaining solid at 3.5; right were it needs to be for the vwap conversion of the loan. One fed up seller and the real pressure is then on Stone.

    It's a screaming bargain at the moment and even if it hits mid to low 4's I will be scraping together every dollar I can.

    The Dow is looking decent tonight and if it can repeat again tomorrow night with gold moving in step with it then Thursday will be an interesting day. I've got Thursday down as a potential early quarterly report.

    Always remember, one bit of information is all it ever takes for a stock to change direction or accelerate its path. Although the last few days have seen some pressure downward we have essentially been in a holding pattern between 4.8 and 5.2 for over six weeks. It might look scary when 4.7 comes up and the depth is gone, but that is the nature of the beast. The 20/70 ratio of buy to sell is always about where it decides it's had enough. Not advice but after watching this stock for a long time it does develop its patterns. Barring some bad news in the quarterly I think we will start moving again within the week. We are hugging the bottom line of the bollingers, which at the same time are tightening. No matter what time period you look at for the FML graph the bollingers are always tight before any move with the bottom bollinger band being hugged and a rebound off it starts the move.
 
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