FML 0.00% 15.0¢ focus minerals ltd

Reiner, I used to think that a share consolidation was the...

  1. 1,217 Posts.
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    Reiner, I used to think that a share consolidation was the answer to a maiden's prayer (or at least that it would put a floor under the share price), and I quit FML because there appeared to be no prospect of an SC on the horizon. However, two of my other goldies (DRA and SBM) have gone through the SC process with very disappointing results, so I'm quite wary of SCs now.

    I would like to get back into FML, and having sold out at 5.6 the current price of 5.1/5.2 looks quite attractive. But quite honestly, if I come back in now, I would much rather see two major things before an SC - a sustained increase in production in tandem with a reduction in costs, and a substantial PFS/BFS on Lake Cowan. Either of those two things should give a significant boost to the SP. Together they would really get the ball rolling.
 
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