shareholders should demand firb 51% cap, page-25

Gents,

firstly for Trigan
- yip both you and me would not qualify as shareholders with a 51% foreign cap.
However,as both you and i are already shareholders,then Shandong,would end up with less,or have to BUY US OUT.What a pity.
What would you sell out at?
Not me at 5c that's for sure.

Also view this similar for example to the "Canadian Govt employees pension fund",which has sought out airports/wharves and even toll bridges around the world.As with many things in China,the local Govt/Council may own anything from railways/coal mines and shipyards.The most interesting,being a town Council Co--Op owning a fleet of the largest boats,on the water.A total 200 original families,beneficiary of this phenominal wealth monster.I saw this on "MEGA STRUCTURES",i think if your looking for a reference.Even the Kiwi's wouldn't let CGEPF take 50% of Auckland airport,many years ago.

lets face it,FML WILL BE USED AS AN ACQUISITION VEHICLE.
Fml need plant,plants soon going to be available and with that will come tenements and liabilities for site rehab.Not in all potential cases,but certainly in all but one.Certainly drilling and these cheap acquisitions won't add up to $227.5m,that's for sure.

Don't be fooled,it is a resource grab at depressed global SHARE prices,well timed.Yip,they want gold,so why not get it at wholesale instead of retail.Certainly i would expect the gold sold directly to them at market prices.It just quarantees supply.If you know your a continual buyer,why not mine it and make a profit.Physical gold supply is in a bit of a supply crisis.

Thirdly,if you've ever been to any Chinatown in the world,you realize something.Chinese do not waste money on paint,or dolling up businesses,they milk them for profits.
Yes,there is a risk that FML will mine anything that mills below the cost of gold,however,i suspect,they too have use for more gold quicker and places to spend their surplus profits and money generated,even if it involves buying extra gold on market.Stuff the new staff magazine,that's for sure.

However all said and done,the price offered,is equivalent to HALF what the total business is currently worth without any more shares/upside,or money i.e. $450m plus.
Nice to see they value it at the same as I do,with so much more information.View it as wanting half the existing business,for providing cash to get on with it,interest free.

I really do not like deal settlement,just before the end of the DEC QTR end,when all those Dreadnought drill results will arrive later and FML by then having accummulated/improved its finances by at least $20m.

There's a real simple answer and that involves shareholders buying SHARES and forcing FML management into letting out much of its internal plans to shareholders as possible.IMHO I HAVE NO DOUBT THEN YOU WON'T SEE A SHARE FOR 5c.If we don't know the actual grade for Dreadnought,how about FML publishing what old drill results,whatever it has,awaiting current validation there,so we have some idea of what resource MIGHT BE over reconciling at the mill and justifying an immediate commitment to 20KM OF DRILLING.
That's a lot of 50mtr holes-------400 of them as has been FML's style.

Where have they done that before?-----NO WHERE.
Even Burtville was what 10? holes
CNX????
TI????

Wake-up time Girls and Boys

I suspect IMHO even DT wasn't ready for this deal to front so quick and Shangdong,didn't want to be TOOOOOOO LATE,it could see the momentum building and the window of opportunity closing.

I certainly would hate to sell the Silver thinking it's just Silver plated,to find out it wasn't even solid Silver,but Solid Platinum,worth a lot more than Gold.

DYOR+DYODD