FML 0.00% 14.0¢ focus minerals ltd

sep q oz's guessing comp, page-52

  1. 1,730 Posts.
    Well there you go! As I said earlier, it's not the ounces produced that's important but the profitability of this operation and the quarterly didn't let me down.

    A capital raising is imminent but then again, what's new? Read past the NPAT for FY11 of $7.6m rubbish and look closer. It's quite easy for management to say CRE was a "bargain". However until FML can show a growing bank balance and not just a growing number of shares on issue, any serious investor will avoid it at all costs.

    Just my thoughts.





 
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