@sell, share your frustration re: share price.
FLC has to stop doing placements and satisfying demand by issuing scrip. Don't get me wrong, it's good for the company as it gets required capital, but poor for share price performance. The message has to get out to the market that FLC has enough capital in hand to get earnings growth traction, and you (that is. new investors) are not going to get any more placement shares. If you want stock, you will have to come to the market and scoop up the loose holders.
Same message has to go out to those who bought put options because they expect higher supply of scrip from placements. Once they get the message that supply from placements has ceased, will these instos then close off their derivative contracts and settle, as I think has happened with the 7m crossing last week.
My gut feel is that we will get there when the earnings and cash flow start to show up next year onwards.
