This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

FML - Focus Minerals

Jump to new
Well, it's got me????

Only thing in the 1/4ly was higher cost per oz... mainly due to inability to process mined ore. But, for me, that's just more ammo to get 3MH up. POG up over 950US and looking to go higher - yet nil impact on FML SP - or other goldies for that matter.

Either someone knows something; FML holders are selling to get into other equities; or someone's driving the price down. (Hedge free/debt free and a new mill up and running - who'd be a candidate?)

Long term anyway... but it would be nice to get back into the black.

See what tomorrow brings...
 
Well shes back to 26 again.

No wait till the processing plant is up and running, then we'll see how much gold these guys can turn out.

I bought them for the gold, but they also produce nickel, so nickel price will effect them as well.

long term...
 
Matador dumping their stock - that'll keep the SP down... only about 150 mill to go... Hold on, I say... Year End and all holders will be smiling IMO.
 
choochoo35 said:
Matador dumping their stock - that'll keep the SP down... only about 150 mill to go... Hold on, I say... Year End and all holders will be smiling IMO.
Click to expand...

Any idea on why there selling? It's always a worry, but they could just need the cash, and it would explain why the price is so static.

mmmm' must look in to Matador a bit more. (being throttled at the moment thou' exceeded by download limit for the month)
 
No idea. Maybe they've been selling them for months - shares received as part of buyout settlement were in voluntary escrow until Apr 30 - and only now when they "cease to be substantial shareholder" is it evident to mkt. Maybe they need/want the cash. Even so, why wouldn't you wait?

We just need a big insto/player to come in and take them all in one bite... if selling the lot is the intention.

time will tell,

Cheers.
 
There has been a bit of news with this one recently............ Something to watch out for perhaps?...............
 
yes, fml caught my eye today-announcement of agreement between mat and fml for toll treating i think-asx ann.
looking at their website i was suprised at the resource size that fml are sitting on , and perhaps worth watching as 3 mile hill ramps up to eventual production?-
 
Looks like someone has finaly spotted it.

Focus Minerals Ltd. FML 0.031* +0.003 (10.71%)



will it hold ? or will it fold?

 
What does it take to break the shackles that these one and two tick traders have over this stock.

If today's announcement doesn't do it, nothing will.
 
Those pesky scalpers are still there but they have moved up a few ticks. :

Now if we could just nudge up above the channel at around .036...........
 

Attachments

  • FML.png
    20.5 KB · Views: 370
No more no/low content posts in this thread please.

If you have some meaningful content to contribute, feel free. If not, please refrain from posting.
 
FML on the rise today- up 0.5c or 12.5%. Obviously gold's run has helped it a little, but does anyone know if there's more to it? No announcements that I can see, but buyers are 2:1 at the moment.
 
Hedders said:
FML on the rise today- up 0.5c or 12.5%. Obviously gold's run has helped it a little, but does anyone know if there's more to it? No announcements that I can see, but buyers are 2:1 at the moment.
Click to expand...

I have been watching and buying FML since 2007 and main reasons I do are;

Their processing plant is due to come on line in December (should have been November) and they have had to use another company to process their ore and still have reported a profit. Sounds good to me.

They say they are sitting on a good sized resource which they maintain makes them a mid-tier Gold miner and if you compare them to SBM and BDG two mid-tier miners, their share price should move up closer to them over the next 12 to 18 months as they ramp up production.

All this information is available on their website so there is no guess work or day dreaming. I am not a miner and would like someone to give a real comparison of the amount of gold they have compared to SBM and BDG so I know I have not got it wrong.
 
Did anyone see this institutional placement coming?

Ref: asx announcements (sorry I cant post links yet)

I would have thought a company that has just:
- reported a maiden profit
- about to become hedge free
- aboutto become debt free
- about to commission an processing plant to lift production to 80,000oz pa
Would not need to further dilute the 2,646,000,000 shares already on issue, or am I missing something ???

I really hope there is some major good news in the pipeline that they need to fund.

Brenden
 
I agree,

There's just something not quite right about this trading halt.

1) From the halt to the announcement being published took about two hours, normally takes 10mins,

2) My mate was selling some FML shares, and his trade was executed at a higher price than those before him! Comsec said they do this when the buyer and seller are both Comsec, but his been trading for years and has never experienced that before.

3) Trading has been fast on this stock lately, normally it's real slow.

Someone is getting stooged, just hope it’s the sellers.

Some wiered stuff going on....
 
This is a mining stock.

It mines cash from gullible investors.

I got out yesterday and I won't be back.
 
bowman said:
This is a mining stock.

It mines cash from gullible investors.

I got out yesterday and I won't be back.
Click to expand...

Ouch! Not good news for mugs like me who are still holding then. I agree that the trading halt has come at a strange time, after they've been talking up the recent performance of their company, but can you tell me why you got out yesterday, Bowman?
 

Hi Brenden,

I can't seem to find any announcement re an institutional placement. Can you tell me when this news was released?

Thanks,
Karren
 
Its in the trading halt request - Go to ASX and have a look at their announcements

"The company requests that its securities be placed into trading halt pending the release of an announcement on a placement of securities to a number of institutional investors."

Just picked this up from the West Australian:

"Focus Minerals is understood to be working on plans to raise about $8 million at 4 ¢ a share.

The stock will be placed by Petra Capital to mostly institutional clients, with the proceeds to be used for working capital and for some mill equipment.

Focus shares traded at 4.7 ¢ before being placed in a trading halt yesterday."
 
which mean the sp will plummet down below 4c within the first 20 mins of trading tommorrow. im still holding this thing. im so glad i read this thread today lolz
 
You must log in or register to reply here.

Similar threads

May DDD 2025
2 3
Replies
56
Views
9K
ducati916
July 2025 DDD
2 3
Replies
45
Views
7K
ducati916
August 2025 DDD
2 3
Replies
54
Views
7K
ducati916
February 2025
2 3 4
Replies
64
Views
14K
ducati916
Fun with ChatGPT
2
Replies
24
Views
4K
SirRumpole
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...