tech/a
No Ordinary Duck
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Ducked out of this at .089
Waiting.
Those still holding would you like me to pass the salt?
FML - Focus Minerals
- Thread starter nizar
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- fml focus minerals
Ducked out of this at .089
Waiting.
Those still holding would you like me to pass the salt?
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After the issues with PEN breaking the 0.10 barrier I decided when I saw it hover at 0.099 for a while that I should cut and wait for the level to be cleared; valuable lesson from PEN! Got a good price, great gain in short time, like their prospects but waiting for move to resume above 0.10 now.
They really aren't fairing well even with gold's apparent strength, but most of the market isn't having the best of times right now...
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Ive been building a very healthy position and like clockwork she goes up when you want and down when you want.
Great opps IMO.
Drilling on TI is expected as follows...
20 hole program approx 1 hole per 1.5days to 1500m
This is is quartz remember, and its a salt lake.
Price will prob drop back to 7s while traders move on and T+3 positions are squared.
I wouldnt want to be out of this around the 1st week in MAY!
Good luck all
Great opps IMO.
Drilling on TI is expected as follows...
20 hole program approx 1 hole per 1.5days to 1500m
This is is quartz remember, and its a salt lake.
Price will prob drop back to 7s while traders move on and T+3 positions are squared.
I wouldnt want to be out of this around the 1st week in MAY!
Good luck all
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Well CR done with oversubscribed.
Minimal SP depreciation (not like any CR ive seen)
Over $40m cash now with an aggressive exploration programme under way.
On target for 100k plus oz
Good luck all
Minimal SP depreciation (not like any CR ive seen)
Over $40m cash now with an aggressive exploration programme under way.
On target for 100k plus oz
Good luck all
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It's been a tough road for FML during the time I've been with them - but a pleasurable time it has been. We're working hard for you all!
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FML is a strange goldie with little favourable price action, considering they are adding 2Moz to their already 2Moz and production of just over 100kOz/year you would expect their SP to begin moving to reflect this.
Production scheduled to increase to 200kOz/year with takeover bedded down - which is a decent sized operation.
The other thing worth noting is that their margin is tighter than many, which during the gold price remaining at $1800+ means you would expect to see decent strengthening of their economics.
One to watch. CAH has had a some very solid buying the past few weeks as they have managed to get their increased size accomplished through a merger which clearly was attractive to some larger players.
I am interested to hear any followers information.
Could not find any reference to hedging.
NPV stated in last research report
http://www.focusminerals.com.au/news/eagle-research-analyst-report/
expected to be around 14c so expect that the stock could make 10c easily. MC is 300M, compared with other 100kOz+ explorers this is quite reasonable.
Obviously there is something missing here otherwise it would be moving already.
Production scheduled to increase to 200kOz/year with takeover bedded down - which is a decent sized operation.
The other thing worth noting is that their margin is tighter than many, which during the gold price remaining at $1800+ means you would expect to see decent strengthening of their economics.
One to watch. CAH has had a some very solid buying the past few weeks as they have managed to get their increased size accomplished through a merger which clearly was attractive to some larger players.
I am interested to hear any followers information.
Could not find any reference to hedging.
NPV stated in last research report
http://www.focusminerals.com.au/news/eagle-research-analyst-report/
expected to be around 14c so expect that the stock could make 10c easily. MC is 300M, compared with other 100kOz+ explorers this is quite reasonable.
Obviously there is something missing here otherwise it would be moving already.
Focus Minerals:
Also are currently taking over Crescent Gold (ASX code CRE) They currently own 83.2% of the total shares. Once the takeover is completed FML will be in the top 5 gold producers in Australia.
FML is aiming to grow the reserve base, expand mining at Tindals Mining Centre and, fast track development at The Mount Project. The company is targeting sustained production of 130,000oz by 2012.
Is really worth holding on to FML. Is now really a good entry point.
Also are currently taking over Crescent Gold (ASX code CRE) They currently own 83.2% of the total shares. Once the takeover is completed FML will be in the top 5 gold producers in Australia.
FML is aiming to grow the reserve base, expand mining at Tindals Mining Centre and, fast track development at The Mount Project. The company is targeting sustained production of 130,000oz by 2012.
Is really worth holding on to FML. Is now really a good entry point.
Have been a holder of FML for a little while. Research suggest significant upside but stock continues to disappoint nothwithstanding the current vagaries of the market. Just wondering are they being punish relative to their peers for their high production costs of circa $900 oz. Would be interested in others thoughts.
November 24, 2011
Focus Minerals To Deliver News On The Treasure Island Exploration Project
Our Man in Oz
www.minesite.com/aus.html (( free registration ))
If mining companies were rewarded for effort then the share price of Focus Minerals would be a lot higher than it is today. But, the fact that the Australian goldminer has been unable to gain much traction with investors could be a bonus for late arrivals on the scene of a stock which should be re-rated once its beds down its mining costs and expansion initiatives. Over the past 12-months, as Focus has been expanding gold production and undertaking the bold acquisition of the troubled Crescent Gold, investors have been sitting on the sidelines which means that after a sharp price rise in January and February, Focus is pretty much back to where it started the year, trading at around A6 cents, and begging the obvious question: what’s going to be the re-rating catalyst?
Monday’s annual meeting could flag the start of the market taking a fresh look at Focus because that’s the time when a detailed report will be delivered on the company’s best chance for a greenfields gold discovery. Unfortunately, not too many investors will be in the room when an updated report on the Treasure Island exploration project is delivered, a result of Focus deciding to hold its meeting in the historic Western Australian goldmining town of Coolgardie, which is also the centre of the company’s main mining operations – but not a place well known for corporate events given that it is a five-hour drive east of Perth.
Sentiment, and a desire to display its “goldfields” roots is undoubtedly why Focus has decided to use the Coolgardie meeting as an opportunity to tell more about Treasure Island, a discovery on the northern edge of Lake Lefroy, a salt lake which lies on top of the fabulously rich Boulder-Lefroy fault-line, broadly in-line with the Kalgoorlie goldfield and, more importantly bearing interesting similarities to the rich St Ives gold deposit discovered by the old Western Mining and now worked by South Africa’s Gold Fields group.
For much of the past year the market has been keen to learn more about Treasure Island, with Focus declining to rush its field work. “We’re pretty confident that we have discovered what will eventually be recognised as a significant new gold camp,” Focus chief executive, Campbell Baird told Minesite ahead of Monday’s meeting. “But it’s early days exploring a 226 square kilometre tenement package that has only just had its first ever holes drilled. From that information and from surface work our geologists have managed to identify multiple vein arrays along 300 metres of strike on the island itself. Additional targets under the lake have been identified along 6 kilometres of strike, including paleochannels.
While Focus unlocks the potential of Treasure Island, a discovery which could be the key to unlocking the company’s share price, the day-to-day work is much more mundane because the engine-room of the stock consists of two mature goldmining operations heading for a combined output of 200,000 ounces in 2012. Flagship of the business remains the Coolgardie mines were Focus is working a series of open pits and underground operations, including Tindals and The Mount, which are on track to yield 100,000oz. The Laverton operations which came with the acquisition of Crescent are expected to yield another 100,000oz.
“The Crescent acquisition has the potential to transform Focus,” Campbell said. “We have become one of Australia’s major gold producers and a stock included in the ASX 300 (a list of the top 300 listed stocks). It is this production platform from four operating mines, with two still in the ramp-up phase which the market does not yet seem to have recognised. We’re confident that production can be maintained from our 4.3 million ounce resource base, and convert much of that into the higher reserve category.”
But, even Campbell acknowledges that there are issues weighing on the collective mind of institutional investors, including the relatively high cost structure of Focus’s mines, especially the Crescent operations, and the need to demonstrate that the Focus management team can do a better job that the Crescent team at the Laverton mines. Another unspoken issue is the continued sell-down by Deutsche Bank of Focus shares acquired in the Crescent share-swap takeover. “It does seem that Deutsche just wants to rid itself of any memories of dealing with Crescent, so the order has gone out to sell,” Campbell said. “Whether that’s linked to the financial and banking problems in the Eurozone is anybody’s guess, but I can understand why people might think that.”
Of all the issues which Focus has to face the most important is the cost of production, and right now that’s not pretty – especially at Laverton. In the September quarter, the Coolgardie mines boosted gold production to 24,319 ounces at an operating cost of A$944 an ounce, down slightly on the A$981 per ounce in the June quarter. Given that the average price received was A$1583 per ounce that left Focus with a reasonable profit. Crescent, however, appears to have been a different story and while the newly acquired 81.6 per cent subsidiary produced 21,915 ounces of gold in the September quarter the company did not reveal the cost of production which observers in Australia believe to have been around A$1400 per ounce.
“We are working hard to lower costs at the Laverton operations, and we are achieving some success,” Campbell said. “Over the next few quarters I believe you’ll see costs come down to around A$1100 an ounce.” Good news as that is for Focus the end result is that the two centres of operation look like they will struggle to drive down production costs substantially below A$1000 per ounce in the short term. While the gold price is high that’s not a major problem. But if the gold price slips significantly Focus will be under the microscope, and in need of a dose of good news from Treasure Island and other exploration programs to shake off the unwanted tag of being a high-cost miner.
::::::::::::::::::::::::::::::::::::::::::::::::::::::
Focus Minerals To Deliver News On The Treasure Island Exploration Project
Our Man in Oz
www.minesite.com/aus.html (( free registration ))
If mining companies were rewarded for effort then the share price of Focus Minerals would be a lot higher than it is today. But, the fact that the Australian goldminer has been unable to gain much traction with investors could be a bonus for late arrivals on the scene of a stock which should be re-rated once its beds down its mining costs and expansion initiatives. Over the past 12-months, as Focus has been expanding gold production and undertaking the bold acquisition of the troubled Crescent Gold, investors have been sitting on the sidelines which means that after a sharp price rise in January and February, Focus is pretty much back to where it started the year, trading at around A6 cents, and begging the obvious question: what’s going to be the re-rating catalyst?
Monday’s annual meeting could flag the start of the market taking a fresh look at Focus because that’s the time when a detailed report will be delivered on the company’s best chance for a greenfields gold discovery. Unfortunately, not too many investors will be in the room when an updated report on the Treasure Island exploration project is delivered, a result of Focus deciding to hold its meeting in the historic Western Australian goldmining town of Coolgardie, which is also the centre of the company’s main mining operations – but not a place well known for corporate events given that it is a five-hour drive east of Perth.
Sentiment, and a desire to display its “goldfields” roots is undoubtedly why Focus has decided to use the Coolgardie meeting as an opportunity to tell more about Treasure Island, a discovery on the northern edge of Lake Lefroy, a salt lake which lies on top of the fabulously rich Boulder-Lefroy fault-line, broadly in-line with the Kalgoorlie goldfield and, more importantly bearing interesting similarities to the rich St Ives gold deposit discovered by the old Western Mining and now worked by South Africa’s Gold Fields group.
For much of the past year the market has been keen to learn more about Treasure Island, with Focus declining to rush its field work. “We’re pretty confident that we have discovered what will eventually be recognised as a significant new gold camp,” Focus chief executive, Campbell Baird told Minesite ahead of Monday’s meeting. “But it’s early days exploring a 226 square kilometre tenement package that has only just had its first ever holes drilled. From that information and from surface work our geologists have managed to identify multiple vein arrays along 300 metres of strike on the island itself. Additional targets under the lake have been identified along 6 kilometres of strike, including paleochannels.
While Focus unlocks the potential of Treasure Island, a discovery which could be the key to unlocking the company’s share price, the day-to-day work is much more mundane because the engine-room of the stock consists of two mature goldmining operations heading for a combined output of 200,000 ounces in 2012. Flagship of the business remains the Coolgardie mines were Focus is working a series of open pits and underground operations, including Tindals and The Mount, which are on track to yield 100,000oz. The Laverton operations which came with the acquisition of Crescent are expected to yield another 100,000oz.
“The Crescent acquisition has the potential to transform Focus,” Campbell said. “We have become one of Australia’s major gold producers and a stock included in the ASX 300 (a list of the top 300 listed stocks). It is this production platform from four operating mines, with two still in the ramp-up phase which the market does not yet seem to have recognised. We’re confident that production can be maintained from our 4.3 million ounce resource base, and convert much of that into the higher reserve category.”
But, even Campbell acknowledges that there are issues weighing on the collective mind of institutional investors, including the relatively high cost structure of Focus’s mines, especially the Crescent operations, and the need to demonstrate that the Focus management team can do a better job that the Crescent team at the Laverton mines. Another unspoken issue is the continued sell-down by Deutsche Bank of Focus shares acquired in the Crescent share-swap takeover. “It does seem that Deutsche just wants to rid itself of any memories of dealing with Crescent, so the order has gone out to sell,” Campbell said. “Whether that’s linked to the financial and banking problems in the Eurozone is anybody’s guess, but I can understand why people might think that.”
Of all the issues which Focus has to face the most important is the cost of production, and right now that’s not pretty – especially at Laverton. In the September quarter, the Coolgardie mines boosted gold production to 24,319 ounces at an operating cost of A$944 an ounce, down slightly on the A$981 per ounce in the June quarter. Given that the average price received was A$1583 per ounce that left Focus with a reasonable profit. Crescent, however, appears to have been a different story and while the newly acquired 81.6 per cent subsidiary produced 21,915 ounces of gold in the September quarter the company did not reveal the cost of production which observers in Australia believe to have been around A$1400 per ounce.
“We are working hard to lower costs at the Laverton operations, and we are achieving some success,” Campbell said. “Over the next few quarters I believe you’ll see costs come down to around A$1100 an ounce.” Good news as that is for Focus the end result is that the two centres of operation look like they will struggle to drive down production costs substantially below A$1000 per ounce in the short term. While the gold price is high that’s not a major problem. But if the gold price slips significantly Focus will be under the microscope, and in need of a dose of good news from Treasure Island and other exploration programs to shake off the unwanted tag of being a high-cost miner.
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Some further elaboration would be appreciated.
Market depth looks impressive, buyers paying 0.065 over the close of 0.062. Had a good day yesterday on the back of a great day on the market over all. US markets didnt have a high sell of like we saw on the back of good days so i have a good feeling about today.
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Note the inspiring words.
Note the action.
5c broken - will it stand up or fall down ?
What more to say except you could hope as a long term holder for a major discovery at some stage. Seems nothing FML do causes any interest...
Has anyone else been following focus lately? It is a fairly substantial part of my growth section of my portfolio and has been hammared (along with nearly everything else i own bar TLS) over the last few days. Hopefully it will hit that resistance line of .035 and go for another run, i still like the exploration program and the growth prospects look promising along with production. I wanted to average down my share price but there have been so many good opportunities over the last few days that i've used up my war chest 
Let me know what you guys think of its future prospects.
Let me know what you guys think of its future prospects.
springhill
Make the drill work for YOU
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LAVERTON EXPLORATION SUCCESS DELIVERS 140% INCREASE IN MINERAL RESOURCE AT BURTVILLE
- Burtville Mineral Resource increases to 5.7Mt @ 1.3g/t for 235,000oz of gold
- Wider exploration review points to likelihood of a very large mineralised system outside existing mined area
- Short-term goal is to advance development of Burtville and establish an Ore Reserve to enable incorporation in the 12 month mining schedule at Laverton
STRONG DRILL RESULTS HIGHLIGHT DEPTH AND PIT EXTENSION POTENTIAL AT BURTVILLE, LAVERTON
- High-grade results from western pit area confirm mineralisation open below and outside existing pit
- Results include:
o 12m @ 9.9g/t Au from 23m
o 5m @ 21.5g/t Au from 85m
o 4m @ 57.4g/t from 90m
o 2m @ 84.2g/t Au from 72m
- Preliminary modelling indicates potential for a low strip ratio pit expansion
- Wider review points to likelihood of a very large mineralised system outside existing mined area
NEW RESULTS HIGHLIGHT POTENTIAL OF NEAR-PLANT TARGETS IN COOLGARDIE
- New Mineral Resource of 48,000oz established at CNX
- High-grade assays returned from targets along Three Mile Hill sill including:
o 10m at 21.0g/t Au from 51m (including 1m @ 196g/t)
o 4m at 10.5g/t Au from 113m (including 1m @ 34.5g/t), and
o 4m at 6.7g/t Au from 118m (including 1m @ 21.9g/t)
- Focus continuing to develop near-plant targets to bolster mid-term production schedule
- Burtville Mineral Resource increases to 5.7Mt @ 1.3g/t for 235,000oz of gold
- Wider exploration review points to likelihood of a very large mineralised system outside existing mined area
- Short-term goal is to advance development of Burtville and establish an Ore Reserve to enable incorporation in the 12 month mining schedule at Laverton
STRONG DRILL RESULTS HIGHLIGHT DEPTH AND PIT EXTENSION POTENTIAL AT BURTVILLE, LAVERTON
- High-grade results from western pit area confirm mineralisation open below and outside existing pit
- Results include:
o 12m @ 9.9g/t Au from 23m
o 5m @ 21.5g/t Au from 85m
o 4m @ 57.4g/t from 90m
o 2m @ 84.2g/t Au from 72m
- Preliminary modelling indicates potential for a low strip ratio pit expansion
- Wider review points to likelihood of a very large mineralised system outside existing mined area
NEW RESULTS HIGHLIGHT POTENTIAL OF NEAR-PLANT TARGETS IN COOLGARDIE
- New Mineral Resource of 48,000oz established at CNX
- High-grade assays returned from targets along Three Mile Hill sill including:
o 10m at 21.0g/t Au from 51m (including 1m @ 196g/t)
o 4m at 10.5g/t Au from 113m (including 1m @ 34.5g/t), and
o 4m at 6.7g/t Au from 118m (including 1m @ 21.9g/t)
- Focus continuing to develop near-plant targets to bolster mid-term production schedule
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As a holder I choked seeing the heading of the chairmans letter to 'Vote in favour of the placement at a premium'.
The handing to Shandong of half the company at 5 cents is hardly a premium offer, when it was 10 cents just over 12 months ago.
Anyway, the FML story is an interesting one (to me), and hopefully with the injection of capital that the placement will provide, will allow the company to develop existing resources and add to it's reserves through fruitful exploration.
I am unsure about the company providing a dividend in the near future. Very strange for them to inject this into the mix, except to provide some sense of hope to weary holders!
The handing to Shandong of half the company at 5 cents is hardly a premium offer, when it was 10 cents just over 12 months ago.
Anyway, the FML story is an interesting one (to me), and hopefully with the injection of capital that the placement will provide, will allow the company to develop existing resources and add to it's reserves through fruitful exploration.
I am unsure about the company providing a dividend in the near future. Very strange for them to inject this into the mix, except to provide some sense of hope to weary holders!
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Hey guys, I am a new user of this forum (and forums in general) and wanted to see what everyone's opinion is of FML after today's announcements.
I didn't think it was worth starting a new thread, as this one pretty much fitted what I was after.
As far as I understand, smaller and lower volume stocks such as FML ($0.315) are very much at the mercy of the news that comes out in relation to them (I understand that this is true for all stocks, but lower value stocks such as this tend to react more due to their smaller size).
So far today, they have released two pieces of news that in my opinion should have a positive effect on share price.
Does anyone have any views regarding this?
I am still new to investing and am hoping by discussing these sorts of things, that I will accumulate a sound knowledge base to use once I finish my medical degree. My only previous trade was THX, which I held on to for slightly too long, but managed to break even on.
The reason I focus on smaller stocks is because of my small capital and because of their volatility.
I didn't think it was worth starting a new thread, as this one pretty much fitted what I was after.
As far as I understand, smaller and lower volume stocks such as FML ($0.315) are very much at the mercy of the news that comes out in relation to them (I understand that this is true for all stocks, but lower value stocks such as this tend to react more due to their smaller size).
So far today, they have released two pieces of news that in my opinion should have a positive effect on share price.
Does anyone have any views regarding this?
I am still new to investing and am hoping by discussing these sorts of things, that I will accumulate a sound knowledge base to use once I finish my medical degree. My only previous trade was THX, which I held on to for slightly too long, but managed to break even on.
The reason I focus on smaller stocks is because of my small capital and because of their volatility.
I think the first stock I ever bought was THX, bought based on exploration news, stock shot up, I held to long and ended up selling for only a tiny profit. I think FML was my 2nd or 3rd stock, I learned my lesson, bought based on a good news release, and sold out quickly at a decent profit. So we have similar trading history
Small mining companies are very volatile, and the release of exploration, resource and reserve announcements are the largest announcements that drive their stock price movements. Larger established companies are more driven by accounting results, profits and cash flows etc, however for small exploration companies, those results are nearly irrelevant as long as there is cash to explore another year.
Sometimes, such as cases like this, the release of exploration results doesn't really have much of an effect on the price in a timely matter. Either the news has been slowly leaked, and the results are expected by people in advance, or the results are 'missed' and there is not much of a reaction (some very low volume firms).
http://aum.sagepub.com/content/38/2/311.short
