Ive been a holder of FML and NGF for some years. My biggest fear with both is low-ball structured offers. I held GDO at 35c and was not a happy seller in the low 50's but the offer was set-up cleavily by the chinese to get control on the cheap. I think right now the same will likely happen to NGF (I hope I am wrong).
It annoys me that the NGF board is so quiet - they are worth 30c+ but will probably fall for 25-26c my gut tells me. What I hope is they only go for 60-70% control and then launch on someone to get genuinely bigger - need critical mass in this industry.
FML register is pretty open and just as vulnerable, if not more, to a takeover than NGF as it has TI sitting there as a potential elephant alongside some ok to decent opearions which are being improved all the time. If FML fell victim to a cleavily structured chinese bid I'd be more annoyed than NGF because right now if NGF fall I'll just buy some more FML!
FML Price at posting:
5.1¢ Sentiment: LT Buy Disclosure: Held
