FML 6.67% 14.0¢ focus minerals ltd

OZL is consolidating 10-1 to attract instos.It has a $billion in...

  1. 22,332 Posts.
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    OZL is consolidating 10-1 to attract instos.
    It has a $billion in the bank, pays divies & has massive resources & great prospects with copper.
    So why not FML consolidate too if they also want to attract instos.?
    To raise $30 mil FML has to flog 400 mil shares @ 7.5 cents which would take shares on issue to 3.2 billion.
    Like OZL, a consolidation of 10-1 would be the very thing the doctor ordered and get rid of the micro EPS!.
    Cheers
    Moorookamick
 
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