FML - Focus Minerals

[Joe Blow]

The off-topic posts in this thread have been removed.

Back on topic please!

 

[tech/a]

Err your supposed to be ignoring me.
Of course I can see your posts.

FML is doing nothing and has been doing nothing for around 8 mths.
Browsing through many threads on individual stocks the theme is similar.

Posters pumping their decisions with all sorts of supporting blurb picked up from a zillion sources.
When it doesn't pan out there are calls for help from techies to astrologers---anything to vindicate their decision---this is particularly evident in losing trades.
Few sell mainly because
(1) They Dont want loss if they hold it
(2) They think that the next day price will double!

Truth is they know how to GAMBLE
but have no idea how to TRADE.
True of a large majority who frequent the A-Z section (Not all but many).

It annoys the crap out of people like yourself who need to invoke the "Tall poppy syndrome"

No problem---if only one person who reads this actually LEARNS how to trade then I've done well!

 

[donteatme]

The Hartleys report looks pretty good, with a valuation of $0.103. Thoughts?

 

[grandia3]

Thoughts?

I am a holder of FML and I do hope that FML will do a fantastic job

I dont know if anyone has noticed it yet, but it is crosslisted on Frankfurt stock exchange with code FZA

I am not sure of why there is a big volume traded last friday
that's like the biggest volume traded in the last 5 months
is this because of the Hartley's report?
or are there any news that we dont know of?

 

[maffu]

Announced some earnings guidance today.

The key points from the announcement:

• 28% rise in Interim Profit to 6.2mil.
• EBITDA up 51% to 14.6mil
• On track to start production from 2 new mines in the next 3 months.
• Approvals received to start more drilling at Treasure Island.

Obviously still low levels of earnings considering the 150mil market cap, but production has increased a lot since last year, and hopefully will significantly increase in the following year as well.

 

[donteatme]

Announced some earnings guidance today.

The key points from the announcement:

• 28% rise in Interim Profit to 6.2mil.
• EBITDA up 51% to 14.6mil
• On track to start production from 2 new mines in the next 3 months.
• Approvals received to start more drilling at Treasure Island.

Obviously still low levels of earnings considering the 150mil market cap, but production has increased a lot since last year, and hopefully will significantly increase in the following year as well.

Was just about to post this. Good news about Treasure Island, I know the company has high expectations of it.

 

[xenith69]

Was just about to post this. Good news about Treasure Island, I know the company has high expectations of it.

So does the the market!
TI is what a lot are saying will shoot FMLs SP to the moon!
Lets hope after easter the cash costs go down as the grade of ore through TMH goes up!
Only negative i found out of the ann was the 36339 oz production for the last 6 months!
Long way to go if we want to get to 100koz for the year!

 

[donteatme]

RESOURCES UPGRADE AND BUMPER DRILLING RESULTS HIGHLIGHT STRONG PRODUCTION OUTLOOK FOR FOCUS
• Gold resources at Countess deposit increase 43% to 71,000oz, taking total underground resources at Tindals Mining Centre to 383,000oz
• Upgrade underpinned by recent high-grade results at Countess including 7.3m at 12.6gpt, 3.4m at 12.5gpt and 13.4m at 5.8gpt; Ore body remains open at depth
• Results show Tindals Mining Centre will continue to be strong long-term cash generator

Volume is up, SP is on the rise... Finally something happening

 

[maffu]

RESOURCES UPGRADE AND BUMPER DRILLING RESULTS HIGHLIGHT STRONG PRODUCTION OUTLOOK FOR FOCUS
• Gold resources at Countess deposit increase 43% to 71,000oz, taking total underground resources at Tindals Mining Centre to 383,000oz
• Upgrade underpinned by recent high-grade results at Countess including 7.3m at 12.6gpt, 3.4m at 12.5gpt and 13.4m at 5.8gpt; Ore body remains open at depth
• Results show Tindals Mining Centre will continue to be strong long-term cash generator

Volume is up, SP is on the rise... Finally something happening

I sold out at .057 today after the announcement. It was enough for me to take a small profit.

3 decent/good announcements since the 24th, so I am expecting not much news, and not much price movement in the next few weeks. That's just my assumption of course.
I still think its a good little producer, and I will look to get back in the stock if it drops down to .05ish again, I believe it has a good long term project that is still undervalued, but it might not move for a while.

 

[donteatme]

I sold out at .057 today after the announcement. It was enough for me to take a small profit.

3 decent/good announcements since the 24th, so I am expecting not much news, and not much price movement in the next few weeks. That's just my assumption of course.
I still think its a good little producer, and I will look to get back in the stock if it drops down to .05ish again, I believe it has a good long term project that is still undervalued, but it might not move for a while.

I'm gonna hold until tomorrow, if it doesn't break the 5.8c resistance then I'm gonna sell out and readjust my position later down the line.

I entered in at 5.4c.

 

[grandia3]

Im out at 0.057 today since not much movement going

I also check their cashflow statement, do you think they will survive the quarter w/o raising more fund?

either way, Im already out :

 

[xenith69]

I too got out but will re enter soon enough

 

[donteatme]

Has broken the 5.8c resistance, should go up a bit now

I've decided to give FML until the end of this financial year before I sell. They've put a lot of money into their projects and upgrading their plant, so they should start reaping the rewards now.

 

[donteatme]

6c now, if it closes today as well as it started today, should power towards the next resistance point at 6.4c

 

[maffu]

6c now, if it closes today as well as it started today, should power towards the next resistance point at 6.4c

Ahh well, I thought I had made the right choice, got out after the announcement at .057, the next day they dropped back to .055 so I was feeling pretty smug.

Up 11% to .061 today on very strong volume.

 

[mikem]

Patience is finally paying off. Just need them to keep going.

 

[Gringotts Bank]

There's a broker manipulating this big time. He's all over it like a rash. Very obvious, filling up 61 like there's no tomorrow. Controlling the closing price - have a look. Having just started a breakout, I doubt he has much stock to work with yet. Almost every single one of those 61 asks are his, I can all but guarantee that.

This means he wants more. He wants your stock. Make him pay top price. People power!

 

[tech/a]

There's a broker manipulating this big time. He's all over it like a rash. Very obvious, filling up 61 like there's no tomorrow. Controlling the closing price - have a look. Having just started a breakout, I doubt he has much stock to work with yet. Almost every single one of those 61 asks are his, I can all but guarantee that.

This means he wants more. He wants your stock. Make him pay top price. People power!

This is hillarious.
Its a conspiracy I tell you.
I know they follow me in black cars with tinted windows and wear black suits with Dark glasses.
Today it is pretty obvious supply has hit this stock.

Trading at .67 would be exciting.
Even so there is still heavy resistance to .77-.8c

Supply swamps as old holders ditch it!

 

[Gringotts Bank]

No conspiracy, no MIB. Just one broker wanting to accumulate for a client, with full knowledge that he has enough stock to manipulate the price to his advantage.

 

[Gringotts Bank]

Well anyone who saw that just then will have noticed the tactics in play; the very same thing he was doing at end of play yesterday. He'll be buying and selling to himself all day. Line clearing > refill line immediately with own asks > wait for someone to hop on the end of the top line > take out the whole line > refill > rinse and repeat.