Whether you agree or disagree with the vote you must at the very least conceded that we find ourselves in one of two very dire situations:
A) The BAD situation: FML is a fundamentally competent company facing a rising gold price.. But with completely incompetent leadership, who are either: -incapable of positively communicating to shareholders the value of their negotiated deal, or, -unable to positively communicate a deal that ISN'T POSITIVE, as they desperately try to sell out.
or, B) The WORSE situation: FML is a fundamentally incompetent company facing a falling gold price. But with completely competent leadership, who are either: -incapable of suring up our resource base before they 'know' gold is to fall off a cliff, or, -unable to explain to shareholders the real issues damning the company due to some three dimensional chess, catch 22 senario.
To my mind, situation B is an paradox! If we had competent management why would we have a desperately ailing company existing In a time of record gold prices?
No, I don't buy it!
FML is not floundering. Gold is not failing. FML Is just a slow and steady winner run by board at risk of being impatient losers!
Vote NO!
FML Price at posting:
3.7¢ Sentiment: None Disclosure: Held
