ann: fml to raise 227.5 mill via placement, page-41

dworld,

You are entitled to your opinion, sell if you wish not my call.

I understand the latent assets FML pretty well and the company. I have to get to my clients now there is much to cover. It will take days and much discussion for me to arrive at a fully comprehended view.

I shared some initial thoughts that is all. You have to ask yourselves - seeing as FML were vastly undervalued - does this allow that value to be unlocked or not. Is it value accreditive to eliminate balance sheet risk?

The share price is not going anywhere because the professionals are evaluating and digesting. Or is it - were the pro's sitting back waiting for the panickers to sell and scoop up what they could at this price first?? My initial reaction, seeing the possibilities and optionality, is that I like the deal it looks fantastic.

CW
DYOR&DD