FML 0.00% 14.0¢ focus minerals ltd

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  1. 6,593 Posts.
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    Page 45 of bidders statement, can be converted at the discretion of focus. Logically what your mates have said makes no sense at all, you can't go and back date conditions of a loan agreement. Must remember that these loans were made prior to a formal bid and as such putting terms specifically relating to this takeover would have to be in breach of continuous disclosure rules, surely.Lower of 5 cents of 85% of 5 day vwap, that's all we need to worry about, and thanks to that 4.9 cent trade we will be needing decent volume at 3 or below to make conversion a possibility. Hoping for a capitulation on Monday.

 
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14.5¢ 14.5¢ 14.0¢ $19.01K 134.9K

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2 54554 13.5¢
 

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Price($) Vol. No.
15.5¢ 14055 2
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