Ed wrote...
"a) Too many shares and is very much a penny stock.
b) Management out of the blue makes a bid for a marginal
company that the CEO *HOPES* he can turn around and make profitable.
c) High cost producer."
If you had done yr homework like I have you would realise that there was nothing OUT OF THE BLUE about this T/O and that OUR company bases its HOPE on lots of researched facts after months of Due Diligence and also on past experience running its own operations.
I have had numerous talks with FML mgt over past couple of months to back up my opinion of their approach to this T/O.
I wrote a long-winded post about a week ago outlining my reasons for believing in FML and I CLEARLY stated I would love to see the SP higher...it seems whenever someone tries to answer in a constructive manner you just bung on the FML Lovefest crap.
Ed do us a favour...take yr hands off the keyboard--pick up the phone and call mgt & tell them what a lousy job they are doing...then we wont need to read such ill-informed rubbish as below
b) Management out of the blue makes a bid for a marginal
company that the CEO *HOPES* he can turn around and make profitable.
btw I am not saying this T/O is a no-brainer but I am certain that they have been thorough in their research. Mgt will be judged on the outcome in due time but to suggest they did it on a whim is nonesense
Good Luck all
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $40.11M |
Open | High | Low | Value | Volume |
14.5¢ | 14.5¢ | 13.5¢ | $12.79K | 91.36K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 60148 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 14983 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 60148 | 0.135 |
3 | 90732 | 0.130 |
4 | 118328 | 0.125 |
2 | 12000 | 0.120 |
1 | 1000 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 14983 | 1 |
0.145 | 39928 | 3 |
0.150 | 54554 | 2 |
0.155 | 6500 | 1 |
0.160 | 107300 | 2 |
Last trade - 15.59pm 19/07/2024 (20 minute delay) ? |
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