FML 0.00% 14.0¢ focus minerals ltd

offer extended, page-14

  1. 31 Posts.
    To me is just sounds like its a formal notification to delist CRE or dilute the shares.

    Based on that release I'm guessing Stone and FML are not talking a lot at the moment. By formally indicating there possible intentions on the ASX if/when CRE is delisted then this notification will be a legal out to prevent Stone taking FML through the courts again. They will just waved it and say we told you we were doing this, here is the announcement and we gave you time to accept.

    Its really a threat to Stone that this is there last chance to accept the offer where they can save face and get out now. FML have probably done this cause it would be simpler for them to just have full control under compulsory acquisition than to mess around delisting or diluting CRE.

 
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