FML 0.00% 13.5¢ focus minerals ltd

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  1. 1,445 Posts.
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    P,
    Impossible questions to answer with any degree of certainty.

    I am one of those who has considered a low ball takeover.
    If it were to happen tomorrow, these are some thoughts..

    The number of shares issued in FML could be a good defensive tool. I think any entity considering a takeover would have to consider FML a difficult takeover prospect...like trying to herd cats.

    Anything under 10c would not gain traction.
    10-14c would get peoples attention.
    15-18c a large number of sales but would it get a comulsory acquisition ..I don't think so.

    I would consider guidace from the board very strongly.
    I think that it would take a strong recommendation from the board to facillitate the venture.

    These are just gut feelings from a long term holder and as I have said before in this forum, gut feelings are worth nothing really.

    Juju

 
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