what's fml up to re drilling and production?, page-7

Give them a call

the last real communication we had said doing 8500oz/month-so above that,with new pit due to come online.

I suspect FML are waiting for a re-rating before yelling too loudly and final resolution of CRE ownership which will lift FML to a SAFE Market capitalisation.
Fml is the most vulnerable to a tilt at the moment given its shareprice and likely doubling/trebling(with CRE tax loss) of cashflow per share to that outlook of only 6 months ago when nearly 10c
Cre will give them another 6 months where it'll be hard to put a true value on FML.
Give them a chance for higher grades(a strike of 10-20g/ton)or the socalled TI to be called a elephant or pig pit to be announced.

Capital loss---mmmmm---is there really?
capital loss means calls on shareholder's to stay in business,or turning $100 into $5?
It's what you do when your drunk,but with cash.
Haven't seen that and i'm always on the lookout,believe me.
Seen Capital investment FROM CASHFLOW, including all that nice new plant for mining the mount($8.5M)
if they've got cash at a profit coming in and spending it,who cares,if they keep expanding by 60% a year profitably,as long as no more fundraising goes on.

We now know what that fundraising was really for.CRE and to add another 1.1/1,2MT mill in laverton(and 50koz + and the cost of getting it going) and probably extend FML's existing one when resources are proved up,hence the current push there.think ahead to 280koz like many here and beyond,given ANY SUCCESS ANYWHERE.8? rigs hammering away i believe,cripes that's going hell bent for leather in any miners view.

It doesn't all need to be spelt out every 2nd week as some non-productive companies regularly do.

Canny but cautious management.
I know enough to be happy for the moment.You don't need to look too far to see rising grades(more ounces)Expansion and cashflow.

Give em a call and let us know what you get told.

cheers

DYOR-surprising who you can talk to on the phone when you try.Tell them your from an private investment trust.In my case my own.Does wonders for me every time.Doesn't matter if its only got $50 bucks in it does it?