FML 13.8% 16.5¢ focus minerals ltd

Ann: Focus to Commence Production at Coolgardie, page-24

  1. 1,220 Posts.
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    I think the price will be capped around the 20's and FML won't get re-rate until a few gold pours have been established. If there meet the ASIC target from feasibility study... FML will be able to pay off Shandong loan 6-7 months, if not sooner. I think the loan was 35m.. I think the loan was done on a good interest rate for FML.

    There a lot of holders peeved off with Shandong for sitting on the asset for so many years. But I think they doing their utmost to try recover their investment which I think is $250m+.

    The market cap is $36m -once they repaid their loan they can fix the sp with a $10m buyback... it put a rocket under sp.

    Last edited by ecker: 26/07/23
 
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