FML 7.41% 12.5¢ focus minerals ltd

how low will sp go??, page-2

  1. 6,576 Posts.
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    I'm thinking 4.0 will do it. As has previously been stated it is in everyone's best interest for CRE to be a listed entity. We know they will be delisted this time next week. That means that I am expecting a deal within the week. Somebody obviously thinks CRE is a buy at 3.5 and around. Who would buy that if they didn't expect a good outcome there? If CRE gets wrapped up then it will really come down to the deal to see where we go. I think 2.6 is overkill though as that gives a MC of around 120, which is barely more than what the mill is worth to replace. As such, i think what we have now is overkill, as it really does not put much value at all on our tenements.
 
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