Ann: TGM: Second Supplementary Bidders Statement FML T/O Offer, page-8

Wow, you could be on to something here.

So are you suggesting that SD or Mothership are running out of cash? Which could explain a lot regarding the following:
a)why didn't SD fund the whole project,
b)we know LM3 have been dumping,
c)CR was at .25c to average down investment exposure,
d)TGM offer is low because they smell an opportunity.

So if cash was a concern, why didn't SD accept HRZ offer of $55mill for Coolgardie. Understandably it was a low offer however $55mill is still no chicken feed.

All being said, it still doesn't add up. Production at Coolgardie should pay for costs plus profit. If they were to continue with production at their many other projects, it should provide for a hefty ROI. Should the price of GOLD rise over the coming years (chart below from FX Empire), would this not also contribute to a bigger ROI. After so many years of drilling, you got to ask the question why SD would start production now if they didn't envision upside in the gold price. If the cost of production on average is $1,500 AU, and price of GOLD today is $2,500 AU ($1,800 US), I would be hoping for a pot of gold at the end of the rainbow?

The old FML team did this successfully with production, reinvesting and turning a profit.

Hmmm, reading between the lines, could SD be priming FML for sale???