People still looking for disaster for FML and its 'minority' shareholders without any foundation for the predictions. FIRB might well be a major stumbling block if Shandong were to attempt a full takeover.
It seems to me to be far more likely that Shandong will play the role of good corporate citizen, and use FML as their platform to build a very significant presence in Australian mining. It is in Shandong's own interests to develop broad support in Australia for its future expansion, and developing that broad support will, I belive, include enabling its Australian shareholders to share in the company's successsfull growth story.
If you hold shares in FML, please - stop predicting worst case scenarios which will probably never arise. If you don't have any facts to support predictions which are detrimental to shareholders and the company's future, why keep knocking your own company?
FML is at last in a position to develop into a major profitable gold producer. Their existing tenements alone are probably sufficient to grow the company into a 20+ years producer, and with their substantial cash box they will probably be able to take advantage of some very worthwhile acquisitions at bargain prices in the next few years.
Happy New Year to all. Mike
FML Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
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