FML 11.5% 11.5¢ focus minerals ltd

ann: fml to raise 227.5 mill via placement, page-40

  1. 85,318 Posts.
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    davo,

    I wouldn't run off in a general chinese fear thing.

    Look at Shandong itself.

    Existing shareholder.

    Had the chance to TO already - cheap. - They didn't do it - why?

    Because they aren't interested - they want us to run it.

    They do want 51% - but this is a huge amount of money they have put in.

    they will have less board members than us - and from what I have heard several of our people like their people - and many of us have had experience with chinese.

    I don't think it is fair to say, don't trust chinese - you have to look at the individuals.

    And we shouldn't forget what they bring to the party - they own loads of small mines - they have a load of experience in running small mines - and madam is going to be the small mine queen as well as having some - which now seems assured that are going to give the superpit a run - or eclipse it imo.

    I think everyone should take a deep breath and look closely at this - not run off in general fear of change.

    Many of us have been banging on for a long while how big a deal focus is - against market sentiment and trolls - well, madam convinced someone to put up almost a quarter of a bil - at a premium ------------- that is highly indicative - and it is also highly indicative of where she is going.
    If we vote this in - madam is going to take some catching - she will thunder ahead - we talk of an information void - believe me we will get inundated with positive drill results in the next 12 months as she brings in the bacon.

    have a great day

    Pinto

    have a great day all]

    Pinto
 
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