FML 3.70% 14.0¢ focus minerals ltd

It's going to be a very interesting month. Reiner, I thought the...

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    It's going to be a very interesting month. Reiner, I thought the opposite in regard to the loan being converted. The loan is still there so I assumed the option was too. I will have to dig down a bit deeper and find that out for sure. The one thing that has got me optimistic for a quick kill is the bid currently sitting on 3.5 cents, right where it needs to be for FML to convert and get to right on 90% and consequently compulsory acquisition. If any of those 50 million are sold on market it might just bring the conversion into play. I suppose the question is: do we want stone/superb summit on the register with the potential for them to do a DB to us, or do we take it off market and find a friendly party who can take the CRE shares off stone at a mutually beneficial price? Would love to be a fly on the wall at the moment.
 
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