FML 2.78% 18.5¢ focus minerals ltd

a distinct possibility, page-4

  1. 875 Posts.
    Hi Jumpstart,

    I am confused.

    My 1st sentence:
    "think we each know by now, where different posters stand on the sale of 51% of FML to Shandong Gold Group. I have made my views clear at this point in time, however, I too look forward to seeing detailed information about how the funds will be used, the benefits and associated timeline of each of those benefits."

    This states that I too want the detailed plan? sorry if I was unclear. I had also stated in many previous posts, I want to see a plan - but at the moment, I am in favour of the deal. What's wrong with that position? Don't we want to see the same thing?

    Hi Barndogg
    This also has me confused. I must be having several dumb moments rolled into 1. I say this because Shandong are currently offering a 28.21% premium to the current share price. That is well within the ball park range of an offer either be it amicable, or hostile. Even if they offered 6c - a 53.85% premium, then they could buy FML outright for $258M rather than owning 51% for $225M.

    Any left of whatever your smoking? I'm keen.
 
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18.5¢
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18.5¢ 18.5¢ 18.0¢ $1.968K 10.81K

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No. Vol. Price($)
2 17316 18.5¢
 

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Price($) Vol. No.
19.5¢ 54000 1
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