Fully understand what your intention was. Mine was exactly the same. Numbers aren't all black and white as you would know.
You are not the only one obviously frustrated with FML and the CRE debacle. We are at the same share price we were a year ago to the day. Irrespective of global markets, its not good enough.
I personally don't feel that you will find any glory in the next quarterly report. Bother Laverton and Coolgardie experienced over a 100mm of rain in the quarter and add to this, the falling price of gold, i can't see how the cake hasn't collapsed in this quarter. I could be wrong.
I am guilty of saying "just one more quarter" in the past, however, and with the wonderful ability of hindsight, i now do feel confident that they quarter we are currently in, Jan-Mar, will be smokin' for FML (and CRE), so you might need to suck on the passion pop for another 4 months before seeing any glory in the reports. That said, if what i have said is true, appreciation (and significant appreciation), in the share price will occur well before the quarter is done. If it doesn't, then again, i will have been the only one blowing smoke.
FML Price at posting:
5.5¢ Sentiment: ST Buy Disclosure: Held
