FML 9.09% 12.5¢ focus minerals ltd

capital raising announcement at long last, page-24

  1. 5,013 Posts.
    lightbulb Created with Sketch. 129
    I don't mind a $ sign replacing the c on the tail.

    What I don't want to see is a zero disappearing from my holdings at the same time...

    I'm over my pique. Been through every cap dilution for the last few years and still standing firm so it'll take more than the financial requirements for a planned upgrade/expansion/drilling campaign/bigger bags/acquisition etc., to shake my grip.

    Especially after the consistently successful record of the management, over those years,to date.

    No, we are not just looking to survive. Only some ignorant Johny-come-down-in-the-last-shower-of-rain who has no info on the company would even think that. Obviously someone who can't read, comprehend English or do basic arithmetic, who would be better off converting all their assets to cash and burying it under their floorboards.

    It's pretty obvious now that this cr is for much the same reasons as the last one to buy the mill and get it up and running, and to instigate an expansion of exploration drilling ie., to increase production. They've certainly succeeded well beyond expectations, though nothing unusual for this company.

    It's probably been planned for some time as an optional contingency response to any new expectation of an increase in gold resource as indicated by discovery due to the drilling campaign. And where have they been drilling? And why just now?

    Certainly the dust raised by the first indications from TI would have caused the management to bring forward any such possible plans to the red alert stage, subject to further indications that the time to prepare for a major upgrade of production capacity was SOON.

    I reckon, from all the responses to date, that that soon has become NOW.

    Survive? I've got to tell you yer dreamin"...

 
watchlist Created with Sketch. Add FML (ASX) to my watchlist
(20min delay)
Last
12.5¢
Change
-0.013(9.09%)
Mkt cap ! $35.81M
Open High Low Value Volume
13.5¢ 13.5¢ 12.5¢ $6.335K 47.44K

Buyers (Bids)

No. Vol. Price($)
5 198192 12.5¢
 

Sellers (Offers)

Price($) Vol. No.
14.0¢ 67030 2
View Market Depth
Last trade - 15.58pm 26/07/2024 (20 minute delay) ?
FML (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.