"They have been brave in the land grab but thus far whichever way you cut it, FML has not delivered as most shareholders would hope.
My greatest concern is that even now, they are talking of 500k rather than a highly profitable and lean 200k operation - maybe this is just one big vanity project?"
Hi Izzy, On the the first para above, I simply have to disagree..my hope was that they could turn it around and make a failing enterprise profitable. From all accounts I think they are doing that.
On the second paragraph, I strongly agree. Anybody who viewed the presentation on this point would have to aknowledge the pompous tone of delivery. But is that a bad thing?..as Shirl once sung...ego is not a dirty word..it will be up to us shareholders to tame that if it gets out of hand. How do we do that?, by making sure that a dividend is paid at the earliest moment possible.
Juju One half a cent wouldn't kill, would it?
FML Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held
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