FML 5.56% 17.0¢ focus minerals ltd

Ann: Exceptional Results from Beasley Creek and Wedge-Lancefield, page-9

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  1. 5,948 Posts.
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    @stumpytrunks

    The mother ship in Shandong likely closed the purse on FML long ago.

    I have no doubt that if there is a business case for making a motza, asking for more  money to get to the honey pot will not be a problem.

    Interesting conundrum for them though.  The more they prove up, the higher the sp. They already have a huge holding. At what point do they do a raising and how much will Shandong put in and when. How much dilution or continue to match to hold their %.

    I hope someone could explain page 7 in more detail as to the gold that is /is not there.
    Thanks
 
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