Sorry guys but FMJ has nothing to do with TA at this stage.
I dont own FMJ but was ready to buy up big if the last announcement was good, but that announcement once again created more questions than answers, and I never considered buying in for 1 sec after reading it.
I am not an overly smart man, nor am I unintelligent, but seriously, if anyone thinks they can buy in at this price and make a decent return are absolutely kidding themselves. If you were lucky enough to get in at 20c then cash in and take a holiday cos this SP is heading south in the ST.
They want to pay 260mill for non JORC land when they basically dont have a cent to their name. Dilute shares by 10 fold. 4-6 years of exploring befor paying $X for production. Sounds very appealing doesnt it.
If your happy to wait 8 years for a good (potential) return, yes this sounds like a great (potential) investment. Im sure everything will fall into place and sail smoothly like all dodgy specs do.
FMJ Price at posting:
$2.40 Sentiment: None Disclosure: Not Held