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3.57% 13.5¢ focus minerals ltd

ann: fml to raise 227.5 mill via placement, page-58

  1. Reiner001
    12,607 Posts.
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    20/09/12
    11:33
    Post #: 10746379
    pinto

    many aspects to this

    some positive - some negative


    I hold 3 PF's on FML and with this "deal" 2 will be seriously out of the money for quite some time to come


    The other big q? is:

    how fast can these boys chew thru' 200 odd million ??????

    Can we tie down the board and say:

    If we accept that amount of dilution - you need to bring back those 200 odd million each and ever year plus some ?????

    Geez - can't we just sell a tenement for cash ?
    FML Price at posting: 4.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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