Pelm,
no need, cash back is what it will go to, its just a matter of time.
why bother even trying to have a discussion with these die hards. it could go broke and you will get some saying just wait for JORC etc.
at some point FMS will have to cut back spending, which im sure they are already doing. when that happens and the market gets a wiff then relaity will set in and the price will really tank.
i feel sorry for those that got sucked in by the rampers. the option exercise fiasco was the first clear sign. the next will be when they need to tap the market for cash.
who is going to give them any money in this environment? why buy this when you can buy FMG, MGX, MMX or AGO?
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