notice of extension, page-20

icey doctor

for a start stone have 13% of CRE.Cre shareholders will hold 1/4 of the enlarged FML,so roughly stone could end up with 3% of FML.You are correct that that would be at a loss.
in two weeks,if FML reach 7.7c,they would probably break even,given their average is probably below 6.5c and no other bidder has been flushed out of the woodwork to give them a profit.

This could allow stone out of this with a profit and retain some face.

Stone however run the risk of the offer expiring,FML shares taking off after and the only buyer availeable offering 6.5c cash per share without a share option,or CRE calling on funds from existing shareholders to survive.

Face it CRE's been on the block (in australia,germany and canada,if not the whole world) and the only valuation on CRE that's valid must be the one that's sitting on the table.The longer it sits,the harder it is to say,but my 10% is worth more than 6.5c per share.

Find any court to say different with that logic presented to it.

I suspect a lot of FML announcements,concerning their own tenements to give the shareprice a boost after this extension expires,of course unless it's extended further.
Does it really matter in the longterm too much if it is for a few months?

DYOR-paying out 6.5c for each CRE outstanding and leaving a few less FML shares in circulation would suit me and most longterm holders fine.