Great announcement - I personally expected 1H to be slightly more than FY 09/10 - $3.6 - $3.9 so has outperformed that. I too expect weakness in price...the strength of POG over last couple of days and reaction from FML like it was on prozac to that gave a clue.....we in hands of traders looking for their 10% profit in a month, hence strong sell lines at 6.3-6.5 (I'm guilty too btw with a couple of trading packages hehe) - Impressive result, but FML hasn't yet shown it is sustainable for more than a couple of years with current resources. Turn the mine life to 10-15 years, put nickle on the agenda by taking it out of care and maintenance and investors will be more attracted. Bring on the quarterly and activities update.
Anyway, great result, great management, keep ticking those boxes and 2010 is the year POG goes ballistic....IMO of course :-)
FML Price at posting:
6.3¢ Sentiment: LT Buy Disclosure: Held
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