Johandesilva
27 Feb 2015
Re: Is FML worth more than £600,00... LKH is correct here. E/V is purely debt added to the market cap so your looking at £60m. For half the price you could buy working mines such as RMM in Canada or for the same price WTI in Africa. Or speculative giants like EMED in spain are cheaper. All sheet copper shares mind, but much better value.
N0rbie
27 Feb 2015
Re: Can we continue "Everyone, including me 4sure, was suckered in by the AIM potential and certain characters who plumbed the depths. Clops, I believe. was FML management, Norbs was just a cl^t.Move on raesin, and don't listen to the idi^ts who pump and bluster wherever you stop and invest.We all got hurt here. The best idea is to invest in solid stock, with a good divi, and not put your shirt on such as this milk float ever again.And listen to LKH .......... he was always on the button. "Hi RAFT, what were you saying about moving on? You're the one still here posting abuse to the people who just like you lost money on this share.We all got stucked in, put the keyboard down and enjoy your retirement.
Unknown Quantity
27 Feb 2015
Re: Is FML worth more than £600,00... "Oh, and BTW, m8, it's Hyman, not Hymen ... there's a difference, y'know". Not from where I'm sitting it ain't.AnywaaaaaaaaaaaayI'll pose the question again for the hard of understanding. If you think FML is worth more than the current market cap of £600k then it's worth a punt, tuck em away for a few years and maybe they'll come good. You're not buying to trade on AIM, but waiting for FML to get sold. Even if they went for £6m thats a 10 bagger right there. £12m = 20 bagger (I did the math for again for Hymen just in case he dropped his calculator overboard again).Not for widows, orphans or retired armchair commentators.UQ on the flybridge, watching LKH float away on his inflatable armchair, throwing his fist in the air.
Vizz
27 Feb 2015
Re: Down Memory Lame Johnnyb - I quote your own words below from 18 Feb, just 9 days ago. Your imagination is overwhelmed by your BS. " I lost money on FML as have a lot of people. That's the AIM roulette for you, time to move on. FML's dead baby, FML's dead."
GalileoGalilei
27 Feb 2015
Re: 6M showing as Buys johnny,It's good to see that you haven't lost your sense of humour buddy.Oh, and how are things working out for you over on XEL these days m8? I notice that since posting yourlast strong buy recommendation the sp has fallen about 50%ish. Outstanding, good call.Also, you don't seem to be posting on here as fervently of old. Why could this be? Could itbe because you fear ridicule due to your "courageous" track record. Or are you just skint and waiting for your next benefit payment? Seriously though, your portfolio must read like a munters hall of fame. GG....ah, the memories...lol
johnnyb1975
26 Feb 2015
Re: 6M showing as Buys Is it GG buying? I suggested buying at 2p, perhaps he's confused by 0.02p
johnnyb1975
26 Feb 2015
Re: Down Memory Lame Vizz,If you're not waffling, you're boasting of hindsight trades and if you're not doing that you're tarring people with your warped brush. I lost out by staying in? I last bought at 2p and sold at 3p, a lovely 50pc thanks. All posted on here at the time unlike your hindsight trades. If I remember rightly when you tried to post a live trade you lost money then tried to claim it was all planned. I'm enjoying this reminiscing...So, what are you planning on doing for hindsight income now FML is no more?
LK Hyman
26 Feb 2015
Re: Is FML worth more than £600,00... UQ,"There I did the math for you"You're right about the net debt, but you are confusing the balance sheet value of the assets ($160m) with the market capitalisation (diddly squat), which is the second component of "enterprise value" as spelled out clearly in my last post.The assets are only worth what Yerlan's penpushing abacus rattler is carrying them at on the score sheet (the $160m) IF they are capable of generating sufficient spondoolies to pay for all the company's various costs ... the Terexes, the hairy-arsed miners' pay, Adam's bill for the heaps of clag, the running costs of the blue lagoon and the milking parlour, and, above all else, the debt repayments.If they cannot pay for that, let alone offer the prospect of paying, at some stage in the future, some dividends to hard working shareholders, then the company is totally smockered and shareholders have lost all their money.Oh, and BTW, m8, it's Hyman, not Hymen ... there's a difference, y'know. LKH on the flybridge swatting UQ effortlessly into the long grass like an Afghan bats
Unknown Quantity
26 Feb 2015
Re: Is FML worth more than £600,00... Net debt is $92m. Assets worth $160m. Enterprise value $68m. There I did the math for you.UQ on the flybrige, showing LKH how to use a calculator
Unknown Quantity
26 Feb 2015
Re: Is FML worth more than £600,00... Ohh, look at him all huffed and puffed up.UQ on the flybridge, pressing all of Hymens buttons.
LK Hyman
26 Feb 2015
Re: Is FML worth more than £600,000? UQ,You must have manure for brains! What about all the debt? The enterprise value (market cap plus net debt) of this sorry-assed sacka cacka is still in the tens of millions, but there is no way on God's green earth that the earnings from the pitiful amount of copper that Yerlan's lads can extract is gonna pay for the interest on the debt, let alone the principal. That's why the share price is shot to b*ggery. You ordinary shareholders are (rightly) in thrall to the debtholders.Honestly, sometimes I despair.LKH on the flybridge
Unknown Quantity
26 Feb 2015
Re: 6M showing as Buys could be that FML is worth more than the current market cap and that they see value.
Benny Shares
26 Feb 2015
Re: 6M showing as Buys Could be shorters buying back after walking it dow
Unknown Quantity
26 Feb 2015
Is FML worth more than £600,000? At this level it could be worth a punt, if you believe the company will eventually be sold, what price would you reasonably expect? If it's more than £600k then buy a few, tuck em away for a few years and hope they come good.
Vizz
26 Feb 2015
Re: Down Memory Lame Johnnyb - Your mind-set seems always to be purposely antagonistic for personal reasons toward anyone rocking your boat. You lost out by staying in, whereas I was never in FML during these past couple years and my posts reflect this. This is foresight (before the event) on my part, not hindsight, unless your dictionary differs from everyone else's.
