FML 5.13% 18.5¢ focus minerals ltd

chairmans letter, page-44

  1. 160 Posts.
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    What was the BOD thinking taking over a distressed asset when we were barely out of nappies.
    A mill not working,toll treating and NO money to fix the problems.
    The market hated it and DB couldn't wait to get out.
    I think the FML SP would be at 10 cents plus at the moment if we had not taken over CRE.
    So now we are debating taking a deal when really we have no other choice.
    I will vote for this deal but the BOD have to fall on their swords for this.
 
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