bid event imminent ?, page-11

Blairbart, Pinto, all holders and HC followers,

I am extreemely keen to see FML power ahead in 2012 now that the groundwork has been laid.

I am stating the bleeding obvious when I say that now is not the ideal time for a T/O offer to emerge (lower SP/ World in risk-off mode). Having said that, I think it would take quite a premium to be considered at this stage.

If we as a company can gain some serious traction over the next 2 Q's then the landscape will be completely differnt.

Consider the possibilities
@ 200k oz/yr run rate achieved
@ CRE T/O complete (allowing mgt to outline operational plans for immediate future and beyond)
@ Ongoing Exploration success (incl TI)

Near term risks include
-rain delays=reduced prod Dec Q
-CRE costs remain high

We wait with interest

Good Luck all

BRING ON 2012

Couchy