Well, it appears that despite all of the good press that FMJ is getting - the market just does not believe in what they are selling.
Shareholders must be frustrated about the lack of information, the lack of transparency in the limited information and the care factor of zero from the company to try and maintain the current share price by rectifying the information flow. Obviously the ASX wants management to finish their first deal without launching into another one - why this shareholder meeting was not scheduled earlier i have no idea!
Unfortunately for us holders, the current illiquidity in the share (as is evident by the current seller pushing the price down) means that any holder with any sizeable holding trying to leave the building are destroying the price.
I can see the price under $1 over the next couple of weeks should there be no further information released - and given that everything is always 'imminent' any additional news that is of any value is very unlikely.
Management - we are trying very hard to stay faithful - although there comes a time when enough is enough - we need an 'update' which has some content in it - Jorc release dates, additional information on what is being drilled and who is paying for it, who is madam chueng and how many shares are going to be excluded from the vote because the parties are too close to the transaction??
Anyway, enough of my rant, Oily - you seem to be much closer with management - any way you could pass some concerns on?
Well, it appears that despite all of the good press that FMJ is...
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