"What’s the answer? Why has such a great prospect not got a descent share price? I am sure non production exploration companies are higher than the lousy 0.65 that we are at this moment in time."
One can only talk about movement - and there is nothing wrong with fml individually - the graph below tells the story - fml compared with the S&P/ASX 300 All Ordinaries Gold.
fml is travelling quite ok and all goldies over australia have similar patterns - in fact the same holding back pattern is world wide.
This is no mystery - look back over say 3 or 4 decades - goldies move hugely - but only at the end of a physical gold boom - and we haven't had that yet.
Of course if you are only going to compare fml to exploration companies - that is really not apples to apples - that is a successful producer to gambling stocks - there is no similarity there, nor much logic.
I suggest that if your friends had got in at 2c they would be quite happy presently. I only hope they aren't desperately unhappy when fml rerates either on the last quarter results or/and on this quarter results. That is the way it will go and then a huge jump after the gold price has peaked ------------------ AFTER - I say again, look at history.
Personally I think any money that has been tied up in fml hopefuls in the last short while is probably quite lucky - have a look at how others have performed and also look at how other sectors have performed - things haven't exactly been rosy in many places - many areas have plumbed the depths of gfc lows - remember fml went down to 2c in the gfc - nowhere near it this time thankfully for many.
have a great night
pinto
FML Price at posting:
6.4¢ Sentiment: ST Buy Disclosure: Held
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