FML 7.14% 15.0¢ focus minerals ltd

I really like your enthusiasm, We have all read the...

  1. 47 Posts.
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    I really like your enthusiasm,
    We have all read the blurb.
    “Securing funding for resumption of production at Coolgardie is a milestone for Focus. We have made
    significant progress with the Three Mile Hill plant refurbishment and have a sound pathway to production
    in a highly competitive mining industry environment. We remain diligent and disciplined in our pursuit
    of delivering a sustainably profitable gold mining operation. I look forward to further updating
    shareholders on our progress over the coming months.”

    The problem as you have stated the markets not buying it.
    Since this very positive announcement on Jan19th this year the price has dropped 2.5cents.
    In the past the board has shown a distinct lack of understanding of the rules and regulations of mining in Australia.
    I feel not counting for unforseen circumstances Coolgardie production is at least 12 to 18 months away.

 
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