Fitnfam,Investment is done ALWAYS in a climate of great...

Fitnfam,

Investment is done ALWAYS in a climate of great uncertainty, and that is a fact of life, specially when it comes to mining, be it when prospecting or when producing.

From statistical data, we know that a certain MEASURABLE SOCIAL COST has to be paid when dealing with uncertainty. The only thing that it is impossible to know A PRIORI IS WHO IS GOING TO PAY for it. For instance, if you want to have oil, something that modern society cannot live without, we know based on PAST EXPERIENCE that a certain number of drills will come dry and that some companies because of that will go bust. BUT UNTIL THAT HAPPENS we cannot say which ones. And, of course, the same applies to bank loans, reason why banks are required to have a certain amount of capital and reserves.

You said that you always put yourself in the position of the board. Well if that is the case, for sure that you can see that neither those at the board of the Sons of Gwalia nor those at the board of the banks that approved the funds were thinking of sending the said company into oblivium through their collective actions.

Whether or not, FML will end by being a successful story only the future will be able to tell.

THIS IS, in its essence, THE POINT THAT I WANT TO MAKE. Until then your guess will be as valid as any other one, even if based on an array of most sophisticated or useless indicators.