Why do you want the shares to go up dber? Do you want to trade in and out of FML? Nothing positive has been happening with the price for a while. There are lots of potentially good oportunities out there to choose from. At a guess not much will happen till they report they are making there production forcasts. Establishing more resource will help. I personally think the management lost credibility when they sprung the share placement at 2 cents and did not achieve the production they forcast for 2009 ( was it ment to be 60 or 70,000 oz instead of 42,000? ). I bought at 3 cents and got out at 2.8 in a huff. Im keeping an eye on the stock because like you all think, on fundamentals it is a very good deal and i will probably buy back in. I would think the time to sell is in 2011 when it is producing 100,000 oz and the price of gold in aus dollars is $1500-$3,000. The share price in the interim is only important if you need to sell or have a better use for the dollars invested. A higher price now will make you feel better off and confirm that you made the right decision, but is not of great benefit in real terms. Anything can happen but the probability is FML will get its mill renovated and up and running, process its stock piled ore and that ore they plan to mine. Its reasonably straight forward. Be patient and ignore the markets valuation.
FML Price at posting:
2.4¢ Sentiment: LT Buy Disclosure: Not Held
