FML 0.00% 15.0¢ focus minerals ltd

hartleys 12 cent target, page-6

  1. 875 Posts.
    Hi Tailspin,

    The only way i see a CR coming into the equation is plant upgrade for FML - if that is the reason, then great.

    Same can be said for CRE and their current arrangements and future processing plans.

    If either of these occur, it is warranted. I would much prefer a CR than bringing in a larger debt to equity ratio when most lenders are a little tight and call the shots on lending terms.

    If the LOC is used, then i presume it will be for nothing more than day to day and will be like a CC than can be paid down weekly.
 
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