Australia's largest stock trading and investment forum Australia's #1 stock forum

FM3 firstmac mortgage funding trust no. 4 series 1-2020

Thanks for the summary and link champ

First 348 Last

Share
Profile

Follow
diamondhands1

239 Posts.

73

05/03/21

00:19

Post #: 51534374
Share

Originally posted by Corgi: ↑

Not at the moment, their deposit is alittle tricky with the smaller starter pit operations combined with the underground resource. It really all comes down to the upcoming PFS to see the financials for their production output strategy. Given the sector is fairly unloved at the moment, i think we all can afford the luxury of waiting to see the PFS instead of buying in anticipation.

I think the analyst report via the below link isn't too far off my own evaluation at this stage.

https://s1.q4cdn.com/460208960/files/News/2021/Zacks_SCR_Research_02152021_TGMGF_Ralston.pdf
They are not a bad option for a near term producer, i like their plan for 2021, The initial starter pits are a low risk operation which is always a luxury to have. So, if you were to invest, you'd need to go long, so part what you can afford to not touch for say 24 months and if somewhere along the time-frame there is a re-rate and you are happy, you can always consider selling.

Expand

Thanks for the summary and link champ

Last edited by diamondhands1: 05/03/21

FM3 Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

MM1

Geochemical work at Newington picks up gold and copper anomalies for Midas

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

PEC

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

BGL

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

There are more pages in this discussion • 559 more messages in this thread...

First 348 Last

Add FM3 (ASX) to my watchlist