Good call Indigo and agree Sids maybe one of our "friends" was in disguise!!
I keep hearing from the detractors and now YMYC that $1.2 MC is too high!Too high for what and too high for whom?Maybe when you compare it to other wannabe's on the ASX it is too high and maybe comapred to the stocks these detractors own it is too high!
The other side of the coin is it is high at this stage of it's journey because it is a bloody good company with bloody good potential.You will probably find the good companies now were once spec stocks where the MC is way too high! FMG as we have mentioned is one. People that don't believe will think this is overpriced but the people that do believe know that it's potential can mean it is undervalued.It is rated this high by the market currently (despite some saying it is too high)and will be rated much higher when the remaining boxes are ticked (within 3 mths)
but take solace in the fact that in three months YMYC will probably have it as good buy and unhedged and swanny will be stockholders-lol.
Lets hope tomorrow we may recieve that ann. that DFS has been finished and that after management and sundry have recovered from their severe celebratory hangovers and ticked off the elements they give us a peak so I can toast a couple of hundred to them also.
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