I agree Novac, plenty of traders in this and it does generate some heart palpitations.
I'm sitting on 2.25mil oppies bought recently, plus my heads, but would have to sustain high head price for a while to reach intrinsic value, and we don't really have a while.
Still think further upside is possible after monday when options cease trading, but I will be wary excercising in this market.
FMS is pretty much one of the two or three stocks out of about 26 in my PF still in profit. Might not stay that way of course, as I have mentioned, I think bear market end will be another two months away, but as with any bear market end, we should see some massive suckers rallies.
But I plan to hold the heads at least till drilling is over and assays are completed. Which may be early next year sometime. Part of that reason is to get my CGT discount, bought last nov.
FMS Price at posting:
9.1¢ Sentiment: Hold Disclosure: Held
