FML - Focus Minerals

[tech/a]

Well its a good thing you ignore funnymentals, one less trader taking small profits!

Strange that you equate technical trading with taking Small profits?
Waiting for years for the market to agree with your analysis of value
which may never happen seems to me to be a waste of time and funds.
At least I can see exactly when the market agrees on an in balance in price.
I can then take Immediate advantage of it.

From 2004 till now this chart has been less than inspiring.
Click to expand.

The chart below this MSB is however what I would call inspiring

 

[xenith69]

Strange that you equate technical trading with taking Small profits?
Waiting for years for the market to agree with your analysis of value
which may never happen seems to me to be a waste of time and funds.
At least I can see exactly when the market agrees on an in balance in price.
I can then take Immediate advantage of it.

From 2004 till now this chart has been less than inspiring.
Click to expand.

The chart below this MSB is however what I would call inspiring

I meant no disrespect, but traders are the ones keeping the SP of good companies down!
Yes i try to buy dips and sell peaks at times so i guess im contradicting myself a little in that regard!
It does all depend on individual investing strategies i guess!
Good luck with your trading!

 

[Boggo]

but traders are the ones keeping the SP of good companies down!

Could you expand on that comment, ie how that is and/or some examples ?

 

[xenith69]

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.

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

 

[xenith69]

Could you expand on that comment, ie how that is and/or some examples ?

Im not looking for an argument, just stating my opinion regarding day traders and highly liquid stocks.
Im also not suggesting that all highly liquid stocks are good.
IMO the stock in question FML, is a day traders delight and, a restructure of the register may or may not change this.
I believe in the company and its fundamentals going forward!
Cheers

 

[Boggo]

Im not looking for an argument, just stating my opinion regarding day traders and highly liquid stocks.

No mention or intention to argue, you have made a statement on a public forum that

traders are the ones keeping the SP of good companies down

I am not aware of this being the case so I was just wondering if you could expand on that comment with some support or explanation as I am interested in the theory supporting the statement.

 

[xenith69]

No mention or intention to argue, you have made a statement on a public forum that
I am not aware of this being the case so I was just wondering if you could expand on that comment with some support or explanation as I am interested in the theory supporting the statement.

The theory is quite simple i thought
large buy volume usually leads to higher SP
large sell volume usually leads to lower SP
Maybe in my statement in that earlier post should have read....
Day traders who take small profits in some liquid stocks help keep the SP lower, but is certainly not the only reason!

 

[xenith69]

Sorry i am new to this forum and will, in future, think about wording my posts differently.
Certainly didnt mean to rattle any cages!
GL with your trading/investing all.
Cheers

 

[Sean K]

I meant no disrespect, but traders are the ones keeping the SP of good companies down!
Yes i try to buy dips and sell peaks at times so i guess im contradicting myself a little in that regard!
It does all depend on individual investing strategies i guess!
Good luck with your trading!

I'm not sure how traders keep the price of penny stocks down that can not be shorted. The whole 'capping' debate of minnows is mainly supported by L Plate taxi drivers from the Sub Continent. Well done on buying the dips, looks like there has been plenty of opportunity for that. And, I don't think Tech/A needs any luck.

 

[TabJockey]

Wow! You would have to be brave to have your "core holding" in a company like this! Fundamentally, it doesn't look like too much of a star to me, cost per ounce up way high, average grades declining, PE about 14. At least it MAKES money I suppose. Also big possibility for further share dilution as this is their cheapest way to fund expansion?

Also in internet world FML stands for "**** My life". Just thought id put that out there.

 

[xenith69]

Thanks for that!

Ill continue to accumulate nonetheless!

 

[TabJockey]

Thanks for that!

Ill continue to accumulate nonetheless!

Whats the main thing that convinces you this company is going to make allot of money in the next 3 years?

 

[xenith69]

Whats the main thing that convinces you this company is going to make allot of money in the next 3 years?

Tab, there are many reasons,
i guess the main reason is managements under promising and over delivering of their exploration/production/acquisition strategies, and did i mention the real estate???
These are all my personal views only and always
DYOR
Thx

 

[tech/a]

Technically its a dog.
Showing absolutely nadda

But having said that there is this.

 

[xenith69]

This is a longer term prospect IMO
if you dont like it and dont intend to buy it, why are you commenting on this thread???
Again im happy to hold and accumulate as funds allow.

 

[tech/a]

This is a longer term prospect IMO
if you dont like it and dont intend to buy it, why are you commenting on this thread???
Again im happy to hold and accumulate as funds allow.

Sorry didn't realise you OWNED the thread.
Ill bugger off then and leave you to your waiting.

Oh
I may well buy it when there is a technical reason to buy it I don't like waiting--tying up my $$s---when they could/are somewhere else working for me.
Life's to short to sit around waiting!.

I'm commenting on this thread because I want to---I don't agree with your Funnymental accumulation idea---currently.

If that's ok with you of course!

 

[xenith69]

Thats fine!
I just dont need to be shot down by people like you each time i comment when asked to!
I have been simply replying to questions regarding to "MY" reasons i hold and accumulate this stock!
Wish you all the best with your trading!

 

[tech/a]

But having said that there is this.

This reply was supporting (Not necessarily this stock) but the often good moves found in small caps.

Tuffen up.

You'll get pretty thick skin after your first 9000 posts.

 

[xenith69]

This reply was supporting (Not necessarily this stock) but the often good moves found in small caps.

Tuffen up.

You'll get pretty thick skin after your first 9000 posts.

Ok Tech, lets start again!
I guess because i dont yet understand much T/A, it frustrates me, when obviously more experienced traders such as your self, seem to (not saying its your intention) take less experienced traders/investors(such as myself) fundamental analysis on different stocks as somewhat of a joke! Now forgive me if im wrong.You pointed out i prob need to tuffen up, maybe so.
You also stated "life is too short to wait" and that you dont want your money tied up in stocks that dont read well instantly via a chart! (not exactly your words but you get my drift)
I also agree, and i dont want to wait either! And i dont want to miss potential opportunities that i believe the market can grant me as opposed to having my money in the bank!
So although im green with respect to the whole trading/investing thing(only 18months)
im picking stocks i believe have good fundamentals going forward.
And yes the reason is IM NOT TECH SAVVY!..................YET.
I am reading and trying to learn charting(albeit very slowly), and one day i may ask you for some of your obviously well atuned advice on certain charting aspects of a stock oneday.
Maybe after my first 9000 posts and i develop that thick skin!
Cheers
Xen

 

[tech/a]

Happy to start again.

Fundamentals are a strange beast.
They are mainly presented by a company in the best possible light for their investors. (worst for the Tax dept).
The question of Perceived "Value" is an opinion and at this point in time it appears that not many share your view as the stocks done very little in the past 12 mths.

I think you'll find a quick check of any chart will clearly tell you if its in favour and undervalued or out of favour and not seen as good value at its current price.

Be careful also of not falling into the trap of accumulating on a belief only to find your stock dropping to a point where taking a loss will hurt like hell.
Only to "think" that averaging down will minimise your pain ending up with a million worthless shares worth .015c which cost you an average of .22c (as an example).

Enjoy the journey it never ceases to add another challenge to the traveller!