I got out of FML with only modest losses and it was a judgement call based on lack of communication and selling the majority stake yet saying it would have no impact on running the business; I genuinely wish all holders well but am intrigued as to what the heck they now do given that we could see this go to .010 or less today if holders capitulate en masse with the fear that it is essentially not a viable business at $1300 and certainly not as gold could go to $1000 in short order.
So, I'd like to hear ideas as there might am opportunity for a quick trade. If the SP tanks to 50% of where it is today then the Market Cap is way way below cash an assets but can the business stop burning money overnight and pull in its horns or is that hard to do very rapidly?
Ideas?
I am tempted to place a very big bet at .011 today in the hope of scalping 20-40% upside post Japanese talks upcoming...
FML Price at posting:
1.6¢ Sentiment: None Disclosure: Not Held
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