FML 5.13% 18.5¢ focus minerals ltd

notice of extension, page-40

  1. 320 Posts.
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    Stone (or others) may have some great strategy that we cannot divine just at the moment, but with the announcement of an increase in holdings to 14.62%, they are certainly not leaving this alone at the moment. Obviously they are trying to create some leverage against FML, and perhaps seek to complicate matters into a forced buy-out of shares by FML at a premium? Difficult IMO to criticise a company trying to play the game for profit, but still a thorn in our side we don't need, unless it garners publicity and brings about a stronger focus (no pun intended) from the broader market onto FML, which cannot be a bad thing. Either way, interesting times to come and I am sure in retrospect a good learning experience (unless Stone really are just not that switched on...but I think there is more to it - like an iceberg)
 
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