FML 0.00% 12.5¢ focus minerals ltd

Re: Ann Expiry of Unsolicited TGM offer, page-3

  1. 3,672 Posts.
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    Hi IH. I feel you. I was in profit on this deal before they consolidated and shut down. Now I'm at $2.10 per share. They have absolutely no intention to mine this in my opinion. It has been one big asset holding. They could have resumed mining 5 years ago and been mining for profit whilst drilling but instead, they have squandered the money away on management fees to mothball the project in my opinion. I wish Theta had offered 3-4 shares per share and that would have made a difference. We need a new board without SD in control. This was once heading somewhere. Now it is trading at 10% of pre-shutdown and heading into the bin IMO. We need to stop forign control of Australian resources or put a time limit on them. 5 years to mining or move on.

    rant over

    GD
 
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