FML 5.13% 18.5¢ focus minerals ltd

Georgetowntas, You wroto: ? We are all in it for a $ and usually...

  1. 251 Posts.
    Georgetowntas,
    You wroto: ? We are all in it for a $ and usually whats good for the goose is good for the gander .. Surely Shandong are not going to Loan quarter of a billion $ to drive the value of their investment into the ground while repaying their loan with no return on investment ?
    There will be huge diference between SD and other shareholders. We are interested the company is running fine, pay dividends, share price properly reflects company condition and, last but not least, shares are liquid. If the deal will go through, the situation will be at best as following: company will be growing and performing well ( hope to ), but SD will be not interested for share price to rise ( just opposite ), shares will be higly illiquid ( why to invest into company wilh no chance to participate ), instead of dividends the money will be spend for anorganic growth. Just mine opinion.
 
watchlist Created with Sketch. Add FML (ASX) to my watchlist
(20min delay)
Last
18.5¢
Change
-0.010(5.13%)
Mkt cap ! $53.01M
Open High Low Value Volume
18.5¢ 19.0¢ 18.5¢ $13.12K 70.76K

Buyers (Bids)

No. Vol. Price($)
1 15000 19.0¢
 

Sellers (Offers)

Price($) Vol. No.
20.0¢ 118797 4
View Market Depth
Last trade - 15.45pm 01/11/2024 (20 minute delay) ?
FML (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.