Thats cute FF,I have had a complete rethink on FML and can see...

Thats cute FF,

I have had a complete rethink on FML and can see where SS was coming from.

so why is the SP at .051c?

I have read many posts from top posters on this stock and I topped up mid .05c and since then I have watched my holding drop 10%.

It seems to me that the market does not rate FML as a buy.

We have had a Q report that was dull and boring and confirmed that Last year's expectations wont be achieved and now we have an update on TI that told us that the preliminary has extended to 4km. ..Big deal .. its like saying we have all this territory and now we have discovered that we have 4 km of potential based on st Ives look alike .. Why not make it 6 km ..where was the description of potential width and depth?

The market doesn't want geological /geochemistry comparisons with St Ives or any other success story .. it wants raw data and so far we only have an excited Dean talking about surface results that go to 4 km in length .. not dissimilar to their Q report on Apollo ..just add a few hundred metres to the length of the site.

Furthermore, I suspect that FML is in a state of paralysis on CRE re Stone .. FML have no idea what they are dealing with and haven't figured out how to deal with Stone and the adverse impact on the SP of the CRE overhang.


When you look at FML's motto of expanding into an ever increasing au price.... I just wonder and laugh .. I hate slogans as they usually come back and bite you on the arse.

It would also be good if we could all take a deep breath and stop talking about elephants.

If TI was not on the horizon and if CRE was not a thorn in the side, FML could be at a SP reflective of its Coolgardie progress.

It is clear to me that the market does not like the CRE situation of Stone and its high costs as well as ore processing issues with Barrick.

IMO, I can see FML going sub .05c and soon.

What really concerns me is that FML,with no hedging and no debt, can't seem to make a profit and it seems to want us all to believe in the promised land.

My sentiment is now a short term sell and I will look at a buy at mid .04c

Cheers and good investing to all.

Mulac1