FML 8.00% 13.5¢ focus minerals ltd

letter to shareholders, page-49

  1. 5,948 Posts.
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    I will boil down all my long initial posts, and frustrations into a simple message.

    As things stand at the moment, once 51% shareholding is achieved, there are no guarantees of anything.

    Especially, not only no guarantees but not even pathways identified that make a compelling case for surrendering to 51%, other than we either go broke or maybe we can by accelerating development, develop past a doubling of value to soak up the cash injection, and that somehow, sometime we will all be rich.

    If the DT letter doesn't layout a pathway of development and growth extending out 5 years, i.e. the business case, then its just hopeful words.
 
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