Team,
Of course I'm still in, as I think this stock has only one way and that's up! I have no doubt that in the longterm we will find the value we are all looking for in FMNJ. My problem (and reading everybodies posts, it looks like I'm not the only one) is that IMO today's value of the stock is low due to the lack of precise factual information. Don't tell us how many blasts we had last month, tell us about the amount of concentrate we mined. And if no concentrate got mined tell us why. Telling we need to do more testing is telling us nothing, and I guess this week reaction of the market to the public communications should be a clear sign that we need different type of information.
That the technology according to some posts for GTL is not completely finalized, makes my argument again that this company needs to focus. FMNJ is a mining company with an active mine, not a chemical company and trying to do both, will for sure not speed or help, but increase the chance for failure. Both could be great value creators, but each require a different organization, and looking at the recent quarter results it doesn't look IMO we have a large group of people we can throw at these projects.
As soon as we get facts, based upon a running operation (=mine) I bet you we will see the nice upward movement we are all waiting for. That should be focus for FMNJ for next 3-6 months. I would rather see them taking on another mine project than go deep for a GTL unit. Too early for FMNJ to bet the house and go for something as big as GTL IMO.
JV
