Say,tomorrow Chinese put $50mil into FMS @ 8c/sh = 625mil shrs, plus shrs issue to MXR = nearly 2bil shrs. Is $50mil enough for FMS to production? Maybe NOT. When fund ran out, can Chinese pump some more? And how long can Chinese get their money back with profit? I remember long ago,Chinese pump to URL at 17c/sh and now 1.7c! Chinese jumped in Rau and I think they are all out by now. JRV has a good project but >2bil shrs + finance hardship + management trouble = Chinese walk away. FMS is not much better than JRV. It get worse with low grade + MXR on their back is too heavy. If I am a Chinese I must think twice when I pump big fund to small co which has bil shrs on issue. Also in a short term XAO has been up too much, need a breath soon. June come up for selling, plus unemployment up, etc that I think FMS has more chances to going down.
Good luck to all
not much hope, page-7
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