Enjoyed your post, your arithmetic and assumptions. What your alluding to is that FML will build there bank balance to avoid multiple CRs. No guarantee. In summary to the posters that are share holders, naturally want a rise in SP because that’s what we have invested our money for. I agree that we have run out of qtrs. I measure FML by its share price and it’s really bad. Lets forget about the brokers that suggested 8c, 12c 15c. It’s a fact share price is 3.5c. with negligible bank balance. IMO the sp will not progress unless the bank balance increases and stabilises. So, for those posters who have the great ability and time to calculate the gms, tons and oz good luck. It means nothing if the mgnt doesn’t convert it to $ in the bank to avoid multiple crs.
It’s wonderful how CB makes himself available at all hours of the day/ night and I’m shore he would like to know all the share holders buy there first name. But the share price is 3.5c. It’s a big job to take over CRE, increase the staff to 600, line weather proof the roads, carry out x metres of drilling, implement a cost reduction scheme/ safety scheme, newsletter. Mgt can look at all this work as a measure for the qtr. But with the sp @ 3.5c. It is contrary to the SH expectations. For those that called a mid cap Co. ? at 3.5c. ‘”Again we have run out of qtr. I took offence to the post that stated words to the effect that “mgt didn’t proceed with TI after the cr because they changed there minds. If mgt doesn’t believe in sh value good luck at the next cr.
Cheers and good luck. IW
FML Price at posting:
3.5¢ Sentiment: None Disclosure: Held
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