fml is no laughing matter, page-9

I find it interesting - almost everyone reckons that fml is great in assets/production etc.

Reserves are growing and are the one slight concern.

All goldies are not performing - not just fml.

The sp is the thing that people talk about - too low, undervalued etc.

I agree - so where is the problem? --------------

this is bullet proof bargain basement stuff that we dream about ---------- I ask again, where is the problem??

We should all be hoping that the sp keeps doing stupid things -------- after rerating - we will NEVER again get chances like these - so don't waste them.

We need the guts to stick when a price is low -- if we haven't got it -- guess what ------- we will NEVER EVER get a bargain - never.

We have to have the fortitude to purchase when all others are weak and scared - remember what Buffet talks about ---

when others are fearful --- what do we do??? lesson 1.

I don't remember Buffet talking about whinging that the price was too cheap?
I also don't remember him thinking people were mental to sell -- he just bought when he thought is was a bargain.

Well -------- is fml cheap or what??

Was Buffett ever worried about whether he bought at the bottom -------- no, not ever - he just took it when he was sure and when it was there - and then - he went fishing (or golf or whatever he does.

If I had to give advice to someone, I would think it would be - when we are sure -----------DO IT!

Have a great morning - and don't make it so that in a few flips of the calendar we look back and think - 'well, theres fml, I could have bought the damm thing for less than ten cents once - who would have known'

Well, we here know now ---------it's cheap.

Pinto