would you invest in fml?, page-19

Hi Fishhead06,

You are quite a pushy fellow aren't you!!!

Well, i am not trying to convince you to buy into FML and the subject of my initial post was not "FML" is the best buy on this planet, far from it. The post were some of my opinions on where the company was doing well and where it possibly needed improvement.

But, since you asked, lets look at this. Why is it 6.8c

1. Q1 quarterly released. Profit $0.4M on Revenue of $27M. $8.5M spend on exploration and development. Share Price 0.79c.
2. Q2 quarterly released. Loss of $8.5M (exc CRE loan) on Revenue of $28.8M. $17.3M spend on exploration and development. Share Price 6.9c.
3. Reserves indicate 2.47 year mine life.
4. Involved in TO stops many punters from testing the water during this period.

Are they good enough reasons as to why it is 6.8c

There you have it, some reasons why it is only 6.8c.

1. Q3 quarterly released. Profit $8.4M on Revenue of $50M. $15.5M spend on exploration and development. Share Price = ???
2. Q4 quarterly released. Profit of $14.8M on Revenue of $54M. $14.5M spend on exploration and development. Share Price = ????
3. Reserves increased to ???
4. TO Outcome = ????
5. Results from 8 drill rigs operating = ???

I am not attempting to ramp this stock, personally couldn't give a rats whether you are on board with them or not to be honest with you. I make my own decisions based on my own research, small amounts of which i post here. There are good things about FML and there are bad things. If you don't see any value in FML at the current share price, then steer wait for it to go lower. If you are not keen on it now, then in your views, there is only one way it can go (down). Almost every stock represents value at some point, its just working out where that point is. Is it 6.8c for FML, 5.5c or lower.

If you are right and it goes down, hats off to you. If you are wrong, then it will be my balance that increases and not yours and you can have another shot at me at a higher price then mate.

Enjoy your day.