brr and understandable announcements, page-2

Albaman

think you could be confusing 2 separate events in your last paragraph:

FML didn't "tank" yesterday because of the ann - I believe (stress believe) that FML dropped due to the fall in POG accelerated by the strong AUD

furthermore as the day wore on this developed into a trend for POG to keep falling (as evidenced by tonight's markets)

I believe that the "market" still sees FML as esp. sensitive to POG movement in AUD as FML is still perceived to be in an "under-capitalised" position on the back of "expensive" expansion and much higher production/cash costs during the March Q

Put that on top of a pretty good rise off the low (3.1 c) and you would have plenty of ST holders cash out (was tempted myself seeing the strong run up).

Today will tell - see how Mdm goes on another down day for POG

(even NST on the back of an even better release did get sold down for the afternoon just to close even)

For FML to "regain" a higher SP a production update with a cost guidance is required.

Doesn't matter how many zillion oz you have in the ground if you can't produce at good profit margins .