Australian (ASX) Stock Market Forum

FML - Focus Minerals

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Will certainly take your advice on board thankyou!
I am planning to free carry 50% of my current holding in this one.
Time will tell
cheers
 
xenith69 said:
Well ill give it shot!
Focus minerals are debt free,hedge free, are the only company in history to consolidate the entire Coolgardie goldfields region in WA.
They recently refurbished there own 1.7mtpa gold processing plant and are currently producing around 80,000 oz of AU per annum ramping up to 100,000 in 2011, then 120,000!
They have the Nepean Nickel mine under care and maintenance waiting for a sustained nickel price, recently bought a 75% stake in a prospective tenement on Lake Cowan (treasure island) which has outstanding initial surface high grade CU samples along with prospective gold vein structures on the famous BOULDER LEFROY FAULT (super pit)!
Coupled with a POG that shows no sign of slowing going forward (IMO), to me this is a no brainer.
Heres a link to the company website well worth a read.
http://www.focusminerals.com.au/

Always do your own research

Cheers
Xen
Click to expand...

Hey Xen,

Fundamental trading/investing is a 5-step process:
1. Identify good company / prospects
2. Perform valuation of such prospects
3. Buy when price is substantially below the valuation
4. Have an exit plan that says 'if such and such does/doesn't happen, then I am wrong and will exit'
5. Manage the risk via proper position sizing - never bet the house on anything

The prospect of the company sounds interesting... would you be kind enough to share some of your valuation of the company?
 
Skc,
Without digging up financials (they can be found in quarterly anns on ASX etc)
IMO,with the POG sustainable at around $1200 US (conservative) and cash costs FY11 to FY12 around $750 oz FML is in a very strong position! (if reserves are proven)which,given,the aggressive drilling program and exploration expenditure to date,i am confident of this.
Ord Minnett values FML at 8cents per share from memory and i think Hartley has 10c as their valuation,but as for my personal uneducated valuation..... well i wont go there because my valuation is a lot higher taking into consideration my risk appetite compared to a broker house who is somewhat obliged to look after clients capital,not to mention their own reputation!
Please be aware that i am not very experienced (if my posting style hasnt already shown you) and these are only MY opinions based on MY own research!

Tech, its a plan that may take some time yet to come to fruition.
But i am Long.
Cheers
Xen
 
Well, as bullish as i am on this stock,today i reduced my exposure a little from 1m to 700k.
Jumped into small parcels of MOL, AJM and GXY with the proceeds!
Merry Xmas to all!
 
TabJockey said:
I hope thats a million shares, not a million bucks! :eek:
Click to expand...

LOL, no mate had 1m shares and sold 300k of them.
Still a believer just thought it was a smart idea to take a few eggs out of that basket,as out of $70,000 i have on market, almost $50k was FML.
 
Ahh ok great, hope this investment works out for ya. Recently ive sold gold stocks and put some money into silver stocks, as silver has some catching up to do and gold could be a bit flat in the next year (feels a bit overweight to me with 50% of demand from investors). Im trying not to fall in love with stocks just because they have made me 300% in a year or two.
 
5.1 cent close....Very very tempting to pick up more at these prices!
May test 4.8 cent level yet, what a bargain that would be!
Merry Xmas
 
You sold 300K on 22nd
Why didn't you sell the full Million and buy them again today??

If these are such good value
Why is only around $100K a day being traded??
Support by the way is at 3.5c
4.9 is a pivot at 50% fib retracement nothing more its not shown in price action that its a support level.

This has traded between 6 and 3.5c for around a year.
The time to buy is at around .04 to .035c If you must trade this on pull back.
The time to sell is at around 6c unless there is a clear break of resistance.

Seriously.
Think about how best to maximise this trade and minimise potential loss!
 
Because knowing my luck i would sell out and try to pick the bottom and miss out on a run.
Keeping a core holding of this just incase!
Yes im inexperienced but i just dont want to be caught out!
 
xenith69 said:
Because knowing my luck i would sell out and try to pick the bottom and miss out on a run.
Keeping a core holding of this just incase!
Yes im inexperienced but i just dont want to be caught out!
Click to expand...
I really like that you have done your research and have some conviction but I think with experience you may realise that holding on to a stock 'just in case' is not a sound strategy. Unless you have unlimited funds and can afford to have $$ trapped in a woofer while other potential investments go waning. I've made plenty of 'buy and hope' mistakes but also made some 'sell and get punished' mistakes too. Maybe it's a toss of the coin. Heads you might win, tails you might win.
 
Thing is,
i probably could sell out for a small profit and park my money somewhere else for a short time for larger profit, and buy back in before this one moves anywhere SP wise.
But as i said my experience is limited and i really like FMLs fundamentals.
Ive already reduced my holding to pursue other opportunities,but am keeping a core holding for the bottom drawer.
I have years and years to go playing this game as im only 36yo so maybe by the time im in my 50s ill confidently be able to trade on dips and troughs.I first bought FML at 2.9 cents and im over $15000 up in 14 or so months,wont get that at the bank!If i had of bought SDL at 8 cents when i first put them in my watchscreen id be a happy man,but hindsight is a wonderful thing!
Cheers
Xen
 
I wouldn't get all concerned just yet.
Its a hard road for FML with some serious bridges.
But you'll see signs that will tell you its best to hold OR fold.
You can always buy back.(Breach of 13.5c is a warning!)

Click to expand

FMS.gif
 
Re: FML - Focus Minerals-I suggest you have a closer look at the price history

nizar said:
Broke out a few days ago.
Still going.
Note the obvious increase in volumes the last few days.

Tech, id be keen to hear your thoughts.
ie. especially would be nice to see your 1min chart with those red/green volume spikes.

And general comments including where you think this may be headed the next few days based on your experience with similar moves.

Not quite all time highs yet, all time high close is 6.7c and intraday 7.2c, but pretty close.
Click to expand...

This stock is nowhere near its all time high. In 2004 it was at 26c. I suggest you get a better data source. In fact weekly charts show it to be still in a long term down trend. A convincing break above 7.7c might show a new uptrend.
 
Re: FML - Focus Minerals-I suggest you have a closer look at the price history

mackarel said:
This stock is nowhere near its all time high. In 2004 it was at 26c. I suggest you get a better data source. In fact weekly charts show it to be still in a long term down trend. A convincing break above 7.7c might show a new uptrend.
Click to expand...

I suggest you stop answering posts 4 yrs old!!!!!
 
:)

Hi folks,

FML ..... features a positive time cycle, early in the week, that may
give us a good start, with a lunar trigger on Tuesday ... :)

Happy trading in 2011 to all here ... !~!

happy new year

paul

:)

=====
 
tech/a said:
I wouldn't get all concerned just yet.
Its a hard road for FML with some serious bridges.
But you'll see signs that will tell you its best to hold OR fold.
You can always buy back.(Breach of 13.5c is a warning!)

Click to expand

View attachment 40534
Click to expand...

Hi,

Happy New Year!

I am very new to this forum and share market, but I did hold a few FML. I am not understand your chart. Whare did you get this data, as FML never go over 10 C recently. Could you explain your chart a bit for my learning experience pls? Thanks!
 

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