hellyeah or any other FML's, IMO the gold price may correct but the trend is in-tact for producers only though, I'm not so sure about juniors sinking their holes at the moment...SBM was a good ride from 0.19 and I'm reading the same kinda posts as I read on HC about SBM but fundamentals were sound (they had the gold in the ground but management were hopeless) and a change of the guard bought it to 0.34 in less than 3 months, so whats the go here with FML, forget the number of shares on issue a share split will fix that can you guys answer me two questions;
1. do the they have the tenements and supply 2. Can they ramp up production and take advantage of up-trend gold prices
Yes to both kinda makes it hard to understand sentiment on this post - like TA's should look to fundamentals to get full picture the opposite applies to traders who watch the chart action and don't see big picture just price action? Yep making $200-$500 a day is o.k but after CGT and brokerage if mabey a big of fundamentals were introduced the buy and hold may be more profitable...given how bullish gold is and how UAE are buying bullion in the truck load...
Thoughts for a fundamentals guy with 6-12 month time-frame please...I'm seing another SBM here
FML Price at posting:
5.7¢ Sentiment: Buy Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)