FML 3.13% 16.5¢ focus minerals ltd

good laugh, page-8

  1. 732 Posts.
    "Since they sold half the company for food scraps they
    should lose their options bet they don't"

    Change the word "options" for jobs Lakey.

    I have watched with interest how the "brilliant deal" brigade are already changing their sentiment towards Shandongs interference in the day to day running of this company.
    In a few short weeks we have gone from being told in no uncertain terms that the board and staff are so knowledgeable and business savvy in their chosen field that shareholders should be eternally grateful to have such a bunch of experts running the show,to the point where a letter of thanks and acknowledgement should be penned to try and instill a more perkier "body language" in the poor unappreciated souls,to now being told that we must all start looking forward to Shandong showing the Board and staff how the job should REALLY be done because the Chinese are so much more advanced and adept in their gold mining techniques.

    So all those "informed" experts on Corporate business deals who were originally saying that handing control to Shandong was perfectly ok because Shandong had said that they had invested here, and taken control, because they were so impressed with the way Focus Minerals was being run, and therefore more than happy to take a back seat where operatioins are concerned, are NOW saying how much they are looking forward to Shandong in the new year sharing and implementing what is by far, superior technical and operational knowhow to help get costs down and move forward.

    So let me see if I am understanding this correctly.
    For all the years that Focus has been managed by this outfit, the one overriding and stand out problem that has dogged this company has been production costs, which has essentially kept funds for growth unecessarily limited.

    I say unecessarily, because APPARENTLY all that was needed was for the Board to stop insisting to us and themselves that they knew best, and send a delegation over to China to learn a few home truths on how to PROPERLY run an efficient and profitable gold mine. No matter now though,because rather than do that, the board at Focus have instead gone one better than that and invited the Chinese over to Australia, to share and impart their superior knowledge,and to show Shandong how grateful the Focus Board are for that privilige, they decided it would be in the best intertests of the shareholders to severely dilute the stock and hand over control of the company to them.

    No, hang on a minute, I must have that wrong!

 
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