Hi all; I do not know the disclosure rules etc, but might the 10 mill. orders be FML buying back shares on-market? I sure hope so as it would mean there has been spare cash and used to display faith in the business.
This is slow going and now that gold price is waning also, there is precious little light at the end of the tunnel. There is a general sense among SH'ers that the company does not communicate well to us. I am inclined to agree as they have veered off with the CRE acquisition for example and cash costs blow out without warning; in this climate any uncertainty will be murdered - this is exactly what we are seeing.
I saw a very apt phrase on a Dragons Den repeat today that made me think of this expansion of Focus and relentless disappointments re cash and profitability..
"Turnover is VANITY, profit is SANITY" - we deserve some sanity or we may continue to aggressively expand into more disappointment ad infinitum / nauseum
FML Price at posting:
3.7¢ Sentiment: Hold Disclosure: Held
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