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FML - Focus Minerals

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Well some activity for FML a low of 9.2 cents yday and now back up 10 cents on big volume.

Where to here for here?

If FML can get the day traders involved the possibly is a retest of the last leg up. so potentially 20%+.

Gold production not far off.

So if gold keeps going well, who knows.

A lot of shares on issue, but that didnt stop RAU mulitplying by 9 times.
 
Activity at the station here.

Just the fake that the down trend was broken by dipping to 9.2 cents yesterday. to shake off some weak hands, but the double bluff and looks like we are closing on a high on big volume which could push into tomorrow.

With stocks like RAU doing well this gold stock may test its last high.

Who knows. Volume is good volume. It has been building for a while. Day traders will be back on.
 
Break out

Has smashed through resistance at 10.5 cents finally. Finishes on a high on another big days volume

I only hold very smalll amount that i picked up at 9.8 cents. My thinking is this is speculation leading up to announcement.


Anyone else following it?
 
Ken,

I'm following. I started accummulating at .10 and have less than half of what I want so hope it holds a bit longer. It may be speculation due to upcoming ann. Like always, guess time will tell. But I have high hopes for this and am waiting for ann. to do some maths on the stock.
 
i have.....

the numbers look great !! i wont post as it may give the game away. Will hold and accumulate.

Good luck to all
 
eclectic_nish said:
i have.....

the numbers look great !! i wont post as it may give the game away. Will hold and accumulate.
Click to expand...

Im sure the ASF community would be much more appreciative if you did post whatever 'numbers' it is that you have. That way we can help share knowledge, as is done on all the other threads, along with proving your credibility

Otherwise there is not much substance in your statement
 
how can you have credibility on an anonyous chat forum......

anyway, i prefer to have investors on this trend than rampant daytraders trying to make a quick buck or sucking in newbies looking for a fortune overnight.

The numbers are there to see.....>800 000 ounces of gold (JORC) with upgrades iminient....and the nickel project.

Good luck anyway if you hold
 
I would like to say I have no idea where FML is heading.

I just spotted some activity with Volume in between 2-5 million for several days, and the fact the uptrend was lining up and it was coming to a squeeze point.

I am no expert but it is very simple to see when a stock is coming to a point where day traders make a decision to hold or sell.

Trend lines are important. Around these trend lines crowds of shareholders go one way or the other.

This has been the case for IGR, YML, and now FML in the past for me.

I have no idea why FML will move, but 10.5 cents was resistance and it has paste that on volume. Those who got in under 10cents, well done, I only picked up a few, more for a backing of my own charting ability than to make a killing. I see this testing 14 cents. Fair bit of resistance at 13 cents however.

I am happy with a 30% gain in a few weeks.

Good luck. If it breaks 15 cents, we will see 20 cents I believe. If you look at long term chart.

The question is IF???

I dont know.... I cant predict, whatever news gets there is anyone guess.

Chart wise looking good.
 
Ken,

Waiting on the bankable feasibility study (hopefully end of Nov.) to say whether or not its economic to mine their gold and if so how much etc. If it all comes together I would expect 20c to be small change, but need to see the economics of the project to really set a fair value range. They have about 1.6m ozs gold JORC (might be 1.2 can't remember offhand - 50% JV with a Canadian co.) and are looking to bring one of their deposits into early production to create cashflow to ramp up to full production (100,000ozs pa)and then continue exploration in their extensive tenements in Coolgardie. They also own a small nickel project which might come into production next year but we'll see.
 
I agree with the comments..

The BFS is crucial but judging by the processing plans in place i personally think its only a matter of time.

1.6mil oz /2 (50% JV) with potential for upgrades and the nickel project to think about however they have to increase their NI resource atleast another 30-40% for it to be truely economical. Which isnt unlikely as there are still heaps for ground to drill and with cash from oz coming in, i expect big things in 6 months.

Good luck to all holders
 
Ken said:
,...more for a backing of my own charting ability than to make a killing....
Click to expand...

Time for me to start testing my ability also. FWIW I'm looking for a break above 10.5 (top of the flag) and then a run to 17.


Here's why -
 

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The flag is running out of time, 9 weeks now and becoming unreliable however the BFS announcement is due early to mid December and with SP now sitting at 9c I'm going to buy in. Based on a (very) rough estimate of the numbers and as per my chart I still think a run to 15 - 17c is possible in the short term.
 
Just to clarify so no one thinks I'm ramping, my prediction is based mainly on the height of the flagpole but only IF it breaks out within the next 2 weeks.
 
Some great results here from the Perseverance deposit:

Summary of Perseverance Grade Control Drill Results:
• 11.7m @ 16.31g/t Au from 83m (incl. 1.7m @ 65.97g/t)
• 11.5m @ 27.09g/t Au from 85.5m (incl. 2.7m @ 65.64g/t)
• 9.1m @ 87.28g/t Au from 91.5m (incl. 1.3m @ 273.02g/t)
• 17.5m @ 7.49g/t (incl. 0.91m @ 64.12g/t)
• 13.1m @ 16.23g/t Au (incl. 3.7m @ 56.85g/t)
• 9.7m @ 9.15g/t Au
• 4.4m @ 58.23g/t Au
• 3.69m @ 11.15g/t Au
• 3.0m @ 12.46g/t Au

Looking forward to BFS however these results won't be part of it as came too late.
 

impressive, isn't it?
i just can't stop thinking this is such a great news.
can't help myself not to enter at this price.
good luck all holders.
 
it was an ressive set of results but am unsure why this is getting sold down, surely holders would a higher return after the brillant results. i remember this happened when fml announced the resource upgrade... im confused by this stock:dunno:
 
This is just ridiculous. The SP is now almost back down where it was before the announcement. Not being an expert on mining results, is there something negative I've missed in the announcement? Everyone seems to think it's pretty good!
 
Quasar217 said:
This is just ridiculous. The SP is now almost back down where it was before the announcement. Not being an expert on mining results, is there something negative I've missed in the announcement? Everyone seems to think it's pretty good!
Click to expand...

well. i really have no idea what happened with this sp.
i am sure yesterday news is brilliant, but somehow, holder of this sp are not patient enough. can't give a good reason what is happening.
maybe someone knows something ?
 
Three possible explanations for the sp:

1) There will be a lot of people 'trapped' in FML from its previous run up to 0.14 after August. These guys will be prepared to dump down when they see renewed strength as they try to limit losses.

2) There'll also be plenty of short-term traders who bought under 0.09 and are selling for small profits.

3) Then there are the ones who bought on the news expecting it to go shooting up and it hasn't so now they are cutting losses.

The results are great. I would think we can expect an upgraded resource within the next few months. But the important thing to watch for is the bankable feasibility study which is due anyday now. If all goes well FML will be pouring gold in April 08.
 
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