FML 8.00% 13.5¢ focus minerals ltd

ann: fml to raise 227.5 mill via placement, page-72

  1. 72 Posts.
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    Hello CW,

    I wish you all the best and hope the SP goes to the moon for you.

    You call it " Management that just raised $227.5M in a global credit crisis - have the negative posters got any idea what this means or how big a validation this is? I absolutely know they don't."
    I call it management selling control which they needed to do because they have burnt through all the cash and could not keep the operation going cash flow positive.
    You also talking about SP being bidded up today, you have been around long enough to know that one days price action does not mean much at all, if it gets sold down tomorrow will you change your tune and say the professionals do not like the deal now???
    Things might work out and I hope they do for you from here, but there are better gold stocks to invest capital in IMHO
 
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