I'm not disagreeing on "fundamentals"
I just think FML has bitten off to much in 1 year:
TI - which we knew would eat up money and be expensive to "open up"
opening additional pits and exploration
CRE TO
Earlier in the year I seriously thought FML was on the "home stretch" to settle into being a solid producer and earner
Then the CRE TO - total game changer, hopefully a good one in the LT
(Relying CB's "prior knowledge of CRE, but a risky move looking at CRE history)
And if I put CV's statement about just how much they have left to explore at FML's own tenements actually a bit baffled to be honest by this decision.
Last I heard FML was also going to decide on what to do with Napean - looks like that will remain moth balled - why not spin it off and get money that way?
My fault for not reading the signs correctly - for me this has turned FML back into "don't touch yet - too early to buy on the promise"
My investment decision - but as far as I'm concerned the "air" at HQ has changed and believe SH are not receiving information at a rate that keeps us up to speed and enables us to be either supportive of what is happening or re-deploying funds for a while
I will keep my "cheap" core for sure - but the rest will be put to work
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