FML 9.09% 12.5¢ focus minerals ltd

fitnfam:"The only tampering with the number of shares on issue...

  1. 12,605 Posts.
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    fitnfam:

    "The only tampering with the number of shares on issue that would interest me,is a share buyback reducing the number of shares on issue and increasing MY proportional ownership.That sort of thing makes me LOVE management,when they have spare cash and no credits to go with greater divvies.e.g.CSL continual buybacks between 5 and 10% a year."

    Don't think FML will be in a position to do that for some time - and the money spent on share buy back would be better spent on real returns via exploration, as has been pointed out by various "pundits" on this thread over and over again.


    FML only company in ASX 300 with a SP of 5c ????? correct me if I'm wrong




 
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