FML 5.13% 18.5¢ focus minerals ltd

notice of extension, page-17

  1. 685 Posts.
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    Icey Doctor asks:"Surely they already had everything they wanted, or what are they after?"

    IMHO the answer to your question is 100% of CRE!
    I feel that the extra 14 days will bring more CRE holders into the FML fold, and since FML already have control of CRE, I suspect Mr Market has much less uncertainty re the takeover than yesterday.

    Once the 14 days has passed, I look forward to a stronger SP due to reduced uncertainties, and subsequently a rerating.
    DYOR
    K
 
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