Results out today would reward patience if you averaged down from May when you wrote above. I just left mine in the bottom drawer...
FML - Focus Minerals
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Results out today would reward patience if you averaged down from May when you wrote above. I just left mine in the bottom drawer...
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Patience... Finally up 8.9% on the day makes my BHP look lame. 
The intraday chart seems to be pushing for an interesting morning tomorrow by the huge volume (12 million?) in the closing auction to keep it at 0.061.
Love these pennies when they move and you're in play even if it is recovery.
The intraday chart seems to be pushing for an interesting morning tomorrow by the huge volume (12 million?) in the closing auction to keep it at 0.061.
Love these pennies when they move and you're in play even if it is recovery.
anyone following this little gem? I have been for a while now and with the rising gold price and their ability to explore and produce looks the goods, a small company that makes a profit is good. At 5.5c they look good but I'm hoping for a small fall back to 5c so I can snap them up. Any others following FML?
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I just had a quick flick through their recently quarterly, quite impressive for only 150 million. Plenty of explorers out there trading at a similar price to this, and plenty of upside, I would look more indepth at this company but I've got a few other companies on the ol' watchlist which I think are better value. I'd probably rate it as a longer term stock, seems to be trading a bit below true value but it'll need a catalyst to get it up around where it should be (8ish cents from some calcs just done in my head).
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seem to have some good news, have just bought a few so that I pay more attention to them, seem to spend a lot of time advertising...
good news yesterday though with a
"Focus Minerals (ASX:FML) is pleased to advise that drilling to establish a sustainable production base for upcoming open pit mining at its Coolgardie Gold Operations in Western Australia has delivered a series of outstanding high-grade gold intersections from the Happy Jack deposit, adjacent to its flagship Tindals Mining Centre.
The ongoing 20-hole surface drilling program at Happy Jack, which is intended to validate historical drilling and test for high-grade ore potential, has delivered excellent intersections from the first 12 holes, including :
- 8m @ 55.6g/t Au from 114m (with visible Au)
- 2m @ 20.7g/t Au from 29 metres
- 4m @ 7.0g/t Au from 75 metres, and
- 2m @ 5.3g/t Au from 88 metres."
Good results and they have plenty of dirt to play with
not on a breakout and not major volume either, but good volume.
I don't know enough about them though. yet. do some reading and share the learning!
good news yesterday though with a
"Focus Minerals (ASX:FML) is pleased to advise that drilling to establish a sustainable production base for upcoming open pit mining at its Coolgardie Gold Operations in Western Australia has delivered a series of outstanding high-grade gold intersections from the Happy Jack deposit, adjacent to its flagship Tindals Mining Centre.
The ongoing 20-hole surface drilling program at Happy Jack, which is intended to validate historical drilling and test for high-grade ore potential, has delivered excellent intersections from the first 12 holes, including :
- 8m @ 55.6g/t Au from 114m (with visible Au)
- 2m @ 20.7g/t Au from 29 metres
- 4m @ 7.0g/t Au from 75 metres, and
- 2m @ 5.3g/t Au from 88 metres."
Good results and they have plenty of dirt to play with
not on a breakout and not major volume either, but good volume.
I don't know enough about them though. yet. do some reading and share the learning!
yeh i read that latest news and was impressed by the way this company is run, even their website is very professional, seem very undervalued at 5 odd cents considering they are profitable, I'm very keen to jump in
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Polska you don't ever look at the share price to value a company, you look at the market cap. Sorry if I misread but so many people seem to think share price means something.
Polska you don't ever look at the share price to value a company, you look at the market cap. Sorry if I misread but so many people seem to think share price means something.
I'm aware what market cap is, but i'm still a relative newbie to shares, thanks for pointing that out though, i don't go rushing in like a mad man though don't worry about that haha
Its a good point previously made. This company is valued at 150-160million.
It has a cheap share price but its not a penny dreadful or necessarily 'cheap'.
I have seen some fundamental analysis of this stock valuing it at about the 300mil level (10c a share), (http://www.focusminerals.com.au/LinkClick.aspx?fileticket=LDAwSfPco5A=&tabid=314&mid=879)
and I am trying to buy in today at 0.56
It has a decent revenue stream already as its a production stock, and it also has exploration potential (and a very cool name with Treasure Island
)
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Gday guys new to Aussie stock forums but not to FML
Ive held and accumulated for 14 months now and am very very bullish LT on FML.
The coy has achieved some great milestones in the past 12 months inc the refurbishment of there own gold processing plant (TMH) and aggressive drilling program and the aquisition of TI!
This is my core holding of nearly 1m and am very excited about the future!!
Ive held and accumulated for 14 months now and am very very bullish LT on FML.
The coy has achieved some great milestones in the past 12 months inc the refurbishment of there own gold processing plant (TMH) and aggressive drilling program and the aquisition of TI!
This is my core holding of nearly 1m and am very excited about the future!!
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Im accumulating at anything under .056c(funds allowing) as this is gem of a stock! IMO
SP is not going anywhere for a while until the cash costs are lower and reserves increased, also they have a big register,but this is fine by me for now, im not full yet!!
SP is not going anywhere for a while until the cash costs are lower and reserves increased, also they have a big register,but this is fine by me for now, im not full yet!!
Down to 0.052c today, i am hoping for a drop to 0.05c, i'd love to get some at that sort of price range!
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I got more at 0.053!!
Cant see 0.05, but i may be wrong!
Bargain at current levels
Cant see 0.05, but i may be wrong!
Bargain at current levels
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I love the fact that management dont make usless anns to help prop up SP like so many others, im very happy that they just get on with the business of running the company.
We will have our time re SP IMO, and this is just a great accumulation phase!
The awakening giant is becoming restless!!
We will have our time re SP IMO, and this is just a great accumulation phase!
The awakening giant is becoming restless!!
tech/a
No Ordinary Duck
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Technically its a dog.
Showing absolutely nadda
Showing absolutely nadda
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Well its a good thing you ignore funnymentals, one less trader taking small profits!
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Hi Xenith, I notice that you've called FML a bargain at current levels. For the benefit of those reading this thread, could you please elaborate a little on the fundamentals and why you believe FML to be undervalued?
Thanks in advance.
