dilution

Hi all,

great news this morning.

the issue about dilution is a load of bs imo.

i think that broking houses, fundies etc. across the board would not be prepared to buy into such a tight held stock with currently 22 million shares tradeable. simply not enough liquidity for volume in/outs.

i think anything between 80 mill and 120 mill tradeable shares, this becomes a very different scenario. the reason for the big swings imo is the low liquidity of fmj.

no one seeking big volume can get in without forcing the price up too quickly and vice versa getting out/selling. this also can help to stop sp manipulation which has been prevalent thus far.

liquidity to the levels mentioned above i see as nothing
but positive for fmj, in terms of cash to the company and also will allow more bigger players, funds and others to acquire higher volume parcels.

early days yet, but with the market caps mentioned prior, up to 250 millions shares in a few months time will seem like a p in the ocean if all goes to plan.

a few more reports ticking a few more boxes will paint a truer picture, however reading between the lines now it seems a colourful picture is already being brushed.

my thoughts.

cheers all.