FML 3.70% 14.0¢ focus minerals ltd

"investor relations", page-27

  1. 12,605 Posts.
    lightbulb Created with Sketch. 175
    I'm not disagreeing on "fundamentals"

    I just think FML has bitten off to much in 1 year:

    TI - which we knew would eat up money and be expensive to "open up"
    opening additional pits and exploration
    CRE TO

    Earlier in the year I seriously thought FML was on the "home stretch" to settle into being a solid producer and earner

    Then the CRE TO - total game changer, hopefully a good one in the LT
    (Relying CB's "prior knowledge of CRE, but a risky move looking at CRE history)

    And if I put CV's statement about just how much they have left to explore at FML's own tenements actually a bit baffled to be honest by this decision.

    Last I heard FML was also going to decide on what to do with Napean - looks like that will remain moth balled - why not spin it off and get money that way?

    My fault for not reading the signs correctly - for me this has turned FML back into "don't touch yet - too early to buy on the promise"

    My investment decision - but as far as I'm concerned the "air" at HQ has changed and believe SH are not receiving information at a rate that keeps us up to speed and enables us to be either supportive of what is happening or re-deploying funds for a while

    I will keep my "cheap" core for sure - but the rest will be put to work
 
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