My understanding is that Shandong Gold (Focus major shareholder) and Shandong Tianye (PGO bidder) are separate entities.However, in the last FML progress report it was stated that: "In preparation of a potential restart, Focus has commenced the process to return the Three Mile Hill power supply that was temporarily loaned to Hanking Gold for its Southern Cross Gold Operation. Minjar Gold, which now owns the Southern Cross Gold Operation, is fully cooperating with this process."
Shandong Tianye = Minjar Gold. The question is "how close is the relationship between Shandong Gold and Shandong Tianye if they are not related entities? I don't see this takeover move as being a bad thing for the restart of operations.
I'm not concerned about a lowball offer for FML as the PGO deal is following a similar MO to the FML deal - gain 50% (and therefore control) and keep it listed. I'd just be curious to see if/when interests get consolidated if the parent company is in fact the same.
My understanding is that Shandong Gold (Focus major shareholder)...
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Last
11.5¢ |
Change
-0.015(11.5%) |
Mkt cap ! $32.95M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 11.5¢ | $3.285K | 28.21K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40000 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 8690 | 1 |
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| Last trade - 11.36am 09/08/2024 (20 minute delay) ? |
| FML (ASX) Chart |