Chinese have controlling interest on the register…. Unfortunately too many investors get burnt by Chinese…
1. They either go into administration (Focus has debt… who is it to? Yes you guessed it our largest Chinese shareholder). Who gets the assets if we default?
2. Or they delist for some reason… and you’re stuck with a private company that has no means to liquidate your shares… and they play golf for the rest of their lives on your hard earned.
I have a very small parcel… hoping the Chinese are different here… we will see. This gold company is the cheapest ounce for ounce on the asx… hands down.
FML Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
