Let's look at what we know.
SD now owns 180 million shares or 63% of FML at an investment cost of $248 million, which equates to $1.38 per share. This down from the initial share purchase at $2.50.
What we don't know is which way they will jump?
At this point I can't see them accepting any take over offer below their bale out share price of $1.38.
If they were to buy more for example another 90m @ 0.25 cents, they would own 72% of FML, but each share would still owe them a $1.00.
I think at this time SH between a rock and a hard place, I just hope they take the mining option and get on with it.
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Last
14.0¢ |
Change
0.010(7.69%) |
Mkt cap ! $40.11M |
Open | High | Low | Value | Volume |
13.5¢ | 14.0¢ | 13.3¢ | $22.49K | 166.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 27678 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 0.135 |
1 | 20170 | 0.130 |
1 | 33474 | 0.120 |
1 | 40000 | 0.115 |
1 | 10000 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 27678 | 2 |
0.145 | 16700 | 3 |
0.150 | 54554 | 2 |
0.160 | 11109 | 2 |
0.165 | 34919 | 2 |
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