At this point of time the only thing that is keeping interest in this stock is the upcoming feasability study at Federation . The last few years have been a constant disappointment for shareholders wirh management throwing sugar cubes by the way of drilling results to keep eveyone interested. Until management can give conclusive forward estimates of profitability the fund managers and institutions will push the share price sub 30 over the next 12 months on the highly likely assumption commodity prices will drop because of slow down of economies and there will be no excitement if Federation will take 3 years to get going.The horse has well and truely bolted. At this point the stock is sell until management gives concise forward guidance
AMI Price at posting:
39.0¢ Sentiment: Sell Disclosure: Held
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