FML 7.41% 14.5¢ focus minerals ltd

cre underferforming as expected-prod falling, page-36

  1. 2,349 Posts.
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    Hi Kentwang and others,

    many thanks for getting the response that you did.
    It is much as i expected,given what we see at CRE.
    So we have to wait and no doubt that will be until after the CRE AGM,where such information should be disclosed first anyway.

    There may or may not be some concern about the current performance of CRE and that of course is reflected in the collapse of the CRE shareprice today,starting to reflect CRE's true realisation value,(tenements with an old plant on care and maintenance worth say $15m),marginal milling contract and $220m taxloss worth $70m to a minIng company making a profit and no more without significant input,both,administrative and cash.
    In the meantime,I do STRESS THESE WORDS,TO OUTSIDERS,it looks like an operation in a planned wind down of operations with FML having security over all said assets.
    FML currently having better use for its funds on 100% OWNED TENEMENTS

    DYOR+DYODD
 
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