sanduneMy mate who was my "source" of original advice to buy...

sandune

My mate who was my "source" of original advice to buy some 15 months ago (and I did buy heaps at 18 and again at 9 cents) - said in early November last year well before drill results and the big rise that he wouldn't be selling before FCN reached $2. Same mate is still holding what he bought at 15 cents and believes still that they will go much higher.

I took a lot of profit at well over $1.00 avearge ($1.46, $1.20ish, $1.05ish) and have rebought in the 70s and 80s - looking to catch the next big move. Its a very interesting story developing and I'm sure WMC would be pis*ed off with FCN management selling out to JBM. I fully expect a big run up either purely on drilling results (expected this week according to various posters) - or on a takeover by JBM or WMC. The current value of JBM's deal with FCN management is around $1.30 per share - so a bidding war should achieve higher than that - perhaps $1.50, and if results are at the high end of expectations then I don't think $2 is out of reach.

I didn't listen to the knockers when it fell from 18 to 9 cents (I bought) and have profited handsomely. Hang in there, and thanks for your positive posts!

Cheers

H