Franklin Mining, Inc. (FMNJ)

[silver_bars]

There's hardly any volitility left in the stock (not good)... the charts look the stock has recenty gone on life support.... IMO, the killings of the Bolivian Miners in October have changed the dynamics/plans of this stock for the short-term.... IMO, FMNJ mngmt. is trying to figure out how to break the news to investors on how the recent turmoil in the country has disrupted their previous plans without tanking the stock at the same time.

IMO, there's alot of damage-repair work that needs to be to rebuild investor confidence on this stock before any meaniful long-term upward momentum can be maintained.

Precious Metals investors by nature like to hedge risk... and unfortunetly, the risks here have only seem to be mounting, IE: the president admitted that “the state doesn’t have the economic resources to achieve mining nationalisation”, although he insisted that “that doesn’t mean that this has stopped” and said the policy had merely been “postponed” until 2007.

http://www.ft.com/cms/s/fd723518-69ce-11db-952e-0000779e2340.html


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Franklin Mining announces the first tailings processing plant will be operational in OCTOBER and will be PRODUCING 400 tons per day...

and...

"an increase of up to 10 plants by January 2007. The processing will produce 4,000 tons per day."


http://biz.yahoo.com/iw/060912/0162261.html