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mwac

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03/11/17

08:58

Post #: 28461747
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As I said Sequoia, no pun intended, wood for the trees

Originally posted by Sequoia ↑

Oh mwac .... do you know your back from your front? A takeover is not a period of time, its a point in time.

Your rah rah speech  is delicious ........something akin to Nathan Brown of the Newcastle Knights (16th/16 NRL) or Chris Fagan (18th/18 AFL).

You sincerity .........well everyone can read

I propose to you those that if we that complain who want a few extra cents, know its not going to happen because they have stuff all cash. This is the lousiest form of takeover, script for script by a company that couldn't raise $1.8 million (for their 13% stake) via there own positive cash flow but  through a capital raise.  In other words management have done jack. What we like and what we get are two different things and I'm sure we all know the difference.

FFT have $5.5 million in the bank.........wow ......I'm impressed ...........when they 37% short of their takeover target, there are plenty of objectors and what was last years financial loss for FFT.... $7.8 Million

So those numbers above tell me FFT alone will need to raise capital.  I also understand MSP would need to raise capital...........but one is raining revenues while the other is not.

So moving forward a newly merged entity of 49/51 is going to need to raise equity again......further diluting the MSP shareholders TWICE within the space of 1 Year......................

Long term a properly capitalised merged entity, with some skillful CFO work, without Robert Bloomfield and Geoff Cleaves anywhere near it would be a nice proposition for a shareholding and shareholder mentality.......but right now I must play precisely whats in front of me and get as much out of this transaction to protect my fututure post takeover holdings. I consider that long enough term at the moment.

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MSP Price at posting: 2.5¢ Sentiment: Hold Disclosure: Held
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Who's ok with the price?, page-22

Top Stories

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Vulcan appoints investment bank and M&A veteran to board

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Utah authorities sign off on Anson's lithium extraction plans at Green River

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

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