FML 1.85% 13.8¢ focus minerals ltd

ti update, page-14

  1. 12,605 Posts.
    lightbulb Created with Sketch. 175
    funny

    EU and US markets caved in overnight because the Chinese demand for steel slowed down - not their demand for gold.

    At least FML doesn't have to worry about the fracas called MRRT - leave that to Fortescue and BHP/RIO et al.

    And as pointed out POG has held up "reasonably" well in Au$ terms

    Believe it is always good to ask "what if" - but FML started most (stress most) of this when POG was a whole chunk lower.

    Pretty sure that shrewd operators like CB and DT have various "models" they can run to optimise according to POG if required.

    While it's holding up - may as well push ahead like crazy.

    Bit like share holding: no risk/little reward - may still loose the house, but rather give it a good go right now.

    March Q for first indicators - June Q will have to start bringing in the first bacon

    Pinto: be great to get that drill stuck in a lump of pure gold - just not banking on it !
 
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