"No one actually expects FMS to open a mine, we are just here for the ride" my my phatman this says it all.
So you expect FMS to have a market cap of $700m in 6 months?
Yes a market cap, do you know what that is?
Too many people here look at 16c and say, "Wow thats cheap".
"I know that if I had bought UMC, i would have sold along time ago" I guess you're right as you don't like buying into companys that eventually mine. By the way thats where the real money is. I don't care if you have made more money than I have. It's not a competition who makes more and that is why I said to Warnie good on you for trading FMS for what it's worth. No need to get twisted on me I'm not saying one stock is better than another.
I would love to hear your reasons on why I should have sold my UMC holding, please do for the laugh. By the way Phataman I was a top 20 option holder in UMCO 17 months ago at an average price of 18.5c, so i think my decision to hold is very justified at a profit of over 500% after conversion.
The real money is made at mining. First you have to prove up a resource then you have to have management capable of delivering. So far from what I have seen here from management I would be very cautious.
"I agree re: UMC.....thats a stock Id hate to be highly geared into." One of your best Warnie
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