FML 11.5% 11.5¢ focus minerals ltd

For the nervous Nellies as we ponder where the next FML bottom...

  1. 624 Posts.

    For the nervous Nellies as we ponder where the next FML bottom is...

    "IT'S obvious that the world's big miners believe the gold price is going only one way - and that's up.
    Yes, we know gold fell another $US10/oz overnight in New York to close at $US1103, but - as with yesterday's online gold comment - the long-term, big picture is what we are concerned about."

    Full story at:

    http://www.theaustralian.com.au/business/mining-energy/d-hedging-the-beat-goes-on/story-e6frg9ex-1225833855898

    Also, we are getting close to the 1H report and, if I remember correctly, the maiden profit last year gave the SP a boost.

    Expecting $3M net for the half as per CB's statement a few weeks ago.

    Cheers,

    C12
 
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