dividends are a good idea? are they?, page-5

Hi, P&P.

The most important thing IMO is that the cash is used.

LT, FML's strategy was to consolidate Coolgardie (tick), understand the ground (half a tick), produce and prove up reserves/resources (quarter tick) and build a sustainable business (no tick yet).

The q'ly will come out tomrrow and show around 60Kozs produced FYTD. Not bad but with only 1 and half yrs of reserves, still lots of work to do.

Every cent should be spent drilling the ground, proving up reserves and looking at other prospects to increase LT viability.

To see fear in the mkt and POG rising WITH THE USD honestly makes me excited, irrespective of the lowly (in our eyes) SP. I might be dumb but I'm more confident now than when the SP was in the 8s.

POG is going higher, FML is well-placed with little downside risk and IMO the market will come to it.

No divvy, no share cons, and I'm even changing my mind on a buyback.

No one would care about the share reg or a divvy if FML had a 5M oz resource and half a mill in reserves.


Cheers,

C12