FML 0.00% 15.0¢ focus minerals ltd

mr market

  1. 177 Posts.
    OK, we have all the news. It's playing out well thus far. Pulled back a little as expected but there is some serious demand to stay on board in the buy side and price is holding up very well. The instos only got 1/6th of what they wanted and we have new instos on board - clearly others continue to want to accumulate in the mid 8's. A few little men like me may sell CGT free parcel to take up the offer, but I would say we are laughing. Nick a quick 15-20% extra on $15,000 for fun and then see the effect of the aggressive programmes drive the re-rating into mid-teens SP.

    IMHO - the events of Mr Market demonstrate significant faith and support for FML.
 
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