You make an excellent point. That's exactly why I've been saying hold on adding until AFTER this overall market correction comes and goes. Problem with that is how long will it take to happen? The FMG share price has floundered even with this breakout move we've seen with higher gold prices.
The only thing we have no control or knowledge of is news that could move the share price, but I wouldn't expect to hear a lot of good news before Springpole gets permitted.