here comes the dilution effect, page-4

i called it....see my earlier posts

The first 32000 ozs at $990 isnt bad at all. infact with the gold price settling, i'd wish they hedged more.

Anyway.....i said there would be a spike and the market would sell into it. I do expect the sp to settle between 6.5-7.5c. However i also expect a consolidation once the debt has been/or close been paid off. That should price FML (assumingt 10:1) around 60-70c. a good entry would be around 55-60c (15% fall). Remember FMl currently has around 65mil MCap..which is alot more than other gold species just producing. I expect FMl to hit $1.20 (MCap 120mil) from there. Just look at IGR and others for example.

Good luck all