FML 3.70% 14.0¢ focus minerals ltd

frustrated, page-29

  1. 2,158 Posts.
    Hello all and especially Pinto thank you for your post. Nice to hear about the strong organic growth story again, your summary - all sound logic as usual. A few other cracker posts too and have added a favorite poster or two in my account settings, probably long overdue. Thanks to these folks for their work and quality.

    Almost 3% more CRE announced tonight. I said it yesterday or the day before, the trump card has been played - masterfully.

    There will be an avalanche of acceptances now to FML and Stone must know this. Hence their last ditch desperate legal /compliance challenge.

    Things are coming to a head nicely here at last, I can see we will know the final count shortly. 3M shares sold today there is not enough time for all CRE holders to exit to Stone on market before the curtain comes down on expiry of the offer.

    If gold pauses this will work for FML and against holders that don't swap for FML now.

    Stone are taking a monster risk buying more CRE at this stage because they WILL get frozen out. Just can't see management playing a dud card or thanking these guys for this hold up, even if it has made the game more interesting.

    If there is no deal Stone can sit with a large chunk of capital in CRE stuck while they watch gold fly - missing out on the party just as they have caused FML and newly converted CRE holders lately. This does not seem wise but I doubt they read our views or give a damn.

    If you are listening 'Stone' I suggest you talk to Don with a conciliatory attitude and see how we all might benefit because there are no winners in war (except banks and arms manufacturers and ...oh well not many winners). Both sides of the conflict lose and when it is over both sides win in a sense. FML can afford to sit and spend our capital and cash flow on the exciting operations as covered by our friend Pinto and some other focused FML holders (pun intended).

    The point of this post is to add some more sense to the pile and to point out the flood of acceptances has started, that the result will be known soon. Then the dust settles and talks or stalemate follows. Any fall in the FML share price will be met with further buying by me. This is my vote of confidence for FML, and old and new holders alike.

    DYOR, CW

 
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Last
14.0¢
Change
0.005(3.70%)
Mkt cap ! $40.11M
Open High Low Value Volume
14.5¢ 14.5¢ 13.5¢ $12.79K 91.36K

Buyers (Bids)

No. Vol. Price($)
1 60148 13.5¢
 

Sellers (Offers)

Price($) Vol. No.
14.0¢ 14983 1
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Last trade - 15.59pm 19/07/2024 (20 minute delay) ?
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