- 0.78 was a spike on news due to 3MH commissioning success. Mine life was short and the value of the company couldn't justify that price at that time. - AUD gold price has been steadily declining..and that's the only one that matters to FML. Average price this quarter will still be higher than first half 09-10 - Irrationality is what makes the markets fun. If it was predictable and rational, it'd be pretty boring (term deposit anyone?) - You have two years to go. If you believe the reserves will continue to increase, the gold price will remain strong, the mill will keep working, then the value of the company must increase. One day the market will overprice the company and that's the time to sell it. Irrationality at its best.
Cheers
FML Price at posting:
5.7¢ Sentiment: LT Buy Disclosure: Held
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