I think everyday we make investment decisions, sitting tight ie not doing anything, being the most dificult. Its extremly difficult to be right all along and miss out due to one's animal spirit (ie being trigger happy).
If one can't imagine something happening, like a stock or a commodity going up many times in value, then it is highly unlikely you would buy and hold such an item if it did, in fact, go up many times.
I believe fml is undervalued for its projected earnings of 0.8-1c/s in FY11 and 1.5-2c/s in FY12.
There is good upside exploration potential on its existing leases.(low cost open pits and finally a super pit? ssssshhhhhhhhh) Gold price rise is another big bonus, but FML would be profitable even at 1100/oz gold. Napean would be nice addition to its earnings.
TI even if its dud we will be fine, but what if, it is what Pinthoo think it is? (an elephant, a big sssssssshhhhhhhhhh :) )
You may say I am a dreamer but I am not the only one :)
FML Price at posting:
9.3¢ Sentiment: None Disclosure: Held
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