albaman, page-27

SS,

Although you can be a bit of a stirrer at times I think you make some valid points. Quite a few goldies, FML included, do a pretty average job at communicating clearly to the masses, and as a sector goldies aren't flash at forecasting development costs.

The gold sector is very undervalued at the moment, and I think some of that is warranted given the track record of misuse of shareholder funds (meaning nothing illegal, just sloppy when the going is good rather than giving shareholders what they want which is a clearer focus on efficiency).

On FML those concerns are a fair call but regardless they are way too cheap and should be 6-7c after a discount for the above behaviour. Much has been spent on development and I'm confident the next 2 quarters will see some seriously positive cashflow but I'm not blind to the fact management may disappoint in that respect. Time will tell.

I will back them until Xmas and if they don't deliver the tighter cost focus they are trumpeting I will go elsewhere.

Good luck
Arbroath