You've missed one very large fundamental point. The cash is being burned quickly and of the 225m they tipped in I'd say by June only 150 will be left. If they did take them over and then took the cash out it would be straight to the knackers yard for FML
I have halved my holding at 3.1c so what's left owes me about 6c so like most this has been a dud for me so far. I'm only holding because the Chinese might be able to make this work having provided the cash to unlock the vale of the tenements. Make no mistake though FML is bankrupt if you subtract the Chinese injected cash. FML need to use it wisely to turn this puppy around.
FML Price at posting:
2.4¢ Sentiment: Hold Disclosure: Held
