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hey i just listened to the ceo address for FML

http://www.brr.com.au/event/57821/fml-amec-2009-national-mining-congress-mr-campbell-baird-ceo

id reccommend a listen to it to know more about the company.


from what i understand in the next 2 weeks theyre going to start drilling again so we might see some announcement and Sp rise. that may trigger a breakout.


however the real news is that theyve got future contracts that allow them to sell at $1000AUD per ounce or something (i forgot the quanityt) but thats a really good price. and theyre going to do it every qaurter. by year end we should see some real action.

i cant summarise everything (cause i cant remember everything he said) but basically FML is looking REALLLLLLL good long term.


cash in the bank

debt low and being paid off

great assets

drilling soon

huge prospects for the future



im gunna wait for the breakout and depending on the volume mite sell to dodge the day traders, but definitely going to get back in for the long term.


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