Hi Stash, thanks for that.
Yes FML has gone down the bulk of the time in the last 12 months. Up the hill backwards since the GFC panic lows however. The gold stocks in general have been terrible during this time - most of them so sentiment has not been in their favor.
You missed my point slightly in that the comments were on your recent posts not just the one I answered. This mind set has cost me in the past and I want to see you get your reward for holding through the difficult period SP wise. Operations have been progressing nicely all the while however.
When companies spend on development and take over companies the SP tends to lag or fall anyway look at KCN. I use SP movements to earn a living and it often diverges from the operations and even the earnings of gold stocks. Thank you very much this is to be exploited.
How you manage this in future could change your outlook. I love the fundamental set-up on FML and my trade now is fresh. I made 6x my money in the run up out of the GFC on FML as it tripled - and then exited. My new trade is fresh as I got out once I saw CRE bogging down and I had not been posting with gusto in here well before I made that move.
I missed the last top at 10.5c and believe the CRE deal got in the way of the SP tracking to a double top at that time. My fault not FML's - my research let me down on that occasion. So I managed it the best I could and kept an eye on operations and exploration programs, also the CRE deal as well - so I could time a re-entry point.
Now I look to the fundamentals of 2.5 earnings re-balancing and giving me a handsome profit again on this stock. My other posts also list numerous other reasons why I like the set up here. What I was saying was that it is how you play the game. Use the SP movement to your advantage. I was also giving you a heads up Stash and I think you got that.
Do well!
Regards,
CW
DYOR&DD
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.11M |
Open | High | Low | Value | Volume |
14.5¢ | 14.5¢ | 14.0¢ | $19.01K | 134.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 54554 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 14055 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 54554 | 0.135 |
3 | 27509 | 0.130 |
2 | 37595 | 0.120 |
2 | 18181 | 0.110 |
1 | 8571 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 14055 | 2 |
0.160 | 37300 | 2 |
0.165 | 71956 | 3 |
0.170 | 10000 | 1 |
0.175 | 16889 | 3 |
Last trade - 15.43pm 30/08/2024 (20 minute delay) ? |
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