Ann: Greenfields Mining Proposal Approved, page-7

The boy who cried wolf is the appropriate maxim here. Nothing in the announcement changes FML's previous timelines. Only next year when they actually put boots on the ground and heavy equipment is on site starting the opening of the pit will there be any credibility and some impact on the SP. Some positive movement in POG in the interim would/may have some creep in the sp along with every other gold miner, so nothing special there.

The FML brand is seriously on the nose, pre-Shandog and after - from an output point of view, worse since FML took over. One look at the 5Y chart tells the story, secondly the overbearing shadow of Shandong on the register would keep all but small holders away. How could any analyst push / convince the fund to stump up the readies? The trouble with stains is they are hard to remove because people have long memories. FML isn't the only gold miner and certainly not the most spectacular with a reported Measured barely visible.

It just ain't sexy.