1. Be very careful if the directors own very little stock! The entire FGE board has a meagre 11,000 shares between ALL OF THEM. Managing Director has NONE but pocketed $800,000 in cash bonuses for FY2013.
2. CASH is king. FGE operating cashflow fell from $91m to $18m, no hiding this fact.
3. Mining service industry is high risk and requires managers who actually know what they are doing.
Sympathies to current holders, hoping you can recover something of your investment.
FGE Price at posting:
91.5¢ Sentiment: None Disclosure: Not Held
