FML 2.63% 19.5¢ focus minerals ltd

Ann: TGM: Theta Gold Takeover Bid for Focus Minerals Limited, page-17

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  1. 68 Posts.
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    I do not think FML will ever be $2.5 agin. They put AUD 270( when AUD:USD 1:0.9) for the first 45%, then loan of 20m+ . above USD 300m for them to recover. And the issued shares is twice more than when it was $2+ in 2011. They need MC of 900m+ now to make break even without more dilution.
    No one can help them save the lost face, SD have to admit it.
 
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