Someone really needed the $500 today!Still holding. On the plus...

Someone really needed the $500 today!

Still holding. On the plus they invested OKJ (and SFM) cash into FFX which is now showing a good profit on paper (circa 13c to 40c). The MD also bought significant shares in FFX in his company (Dog Meat) so if you take the glass half full approach they have at least covered costs for the year as they wait for the right project and so far FFX has been a winner (they may know what they are doing given FFX and ELM history). Some could argue its just a joke lifestyle company with management taking wages and producing sweet FA. Both extremes have arguable cases!

$1m EV, tight register, acquisition potential, management significant shareholders plus they could actually drill the Nickel project (if they can manage to contract a drilling company). To me its a buy at current levels.

11m share holding in SFM (significant landholding near ARN) could also add some value down the track.