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22:13
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Originally posted by mechanic
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I grew up on a farm growing things, its much the same as everything else these days, you need scale, if production increases literally at the roots and the various commodities from the roots can reach a larger volume it can all happen very quickly, however quickly is generally 3 years or more with agricultural product , the biggest issue I see is broad approval for the cropping and distribution which has nothing and everything to do with CBD when it comes to drug administration, which I believe across the developed world has all become highly conditional and difficult under legislative framework, I remain confident many drug companys and the plastics industry are doing all they can to thwart the establishment of hemp in the western world---------so I will be interested in the next half yearly ,like everyone else I find it frustrating and have put around 50k in only to see it smashed to below 50%, however I remember buying about 40k of FMG shares for 174c there was a lot of negative sentiment then with no quarantee of change had I kept them 5 more months I would have made 200k and today that figure would be almost double plus the original cost would be covered in divvys,, I think they have a chance ,nobody thought FMG had a chance but the same people are not laughing anymore, so at the end of the day its a fledgling industry there are many on this forum including those who claim to hold the stock that are undermining confidence , I dont include Bas among them as we have met on other stocks, the message here is you will need to remain patient 6 monthly intervals are the only suitable reference time as frustrating as that is.--------------the ones who propose neverending negative scenarios might be right but I accept the risk because should nit move I doubt it will be subtle
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Everyone trots out the FMG story on almost every spec stock on hotcopper. Trouble is for every 1000 spec stocks there is 1 FMG or less. People keep holding with nothing but hope and dreams.
