Am i really that surprised?stones 10.8% is very convenient,but...

Am i really that surprised?
stones 10.8% is very convenient,
but now they have apparently conveniently stopped buying.

Not something you do if your in for a takeover.
So they're after some dosh,a quick buck.

Maybe there is also the immediate need for some of this cash invested elsewhere,given the many sources of their recent buying.

I suspect disappointment and lost opportunity awaits them.
This is why

given they can expect an 18% dilution on fml's note coversion
that'll give them just around 9.4% or so and add a few dead shareholders on CRE's register that would defeat a compulsory takeover by the end of this or next month only.
Then again delisting in Germany and Canada may free up some of those shares FML's way for the cash.What's 6.5c aussie in EURO's or Canadian $,better than a month ago that's for sure.

UNFORTUNATELY CRE needs cash to be anywhere other than where it is(going round in circles),even with a higher gold price and my bet is FML will happily provide more of that cash to an independent although majority owned CRE on similar terms to the last loan i.e.convertible notes at 5c/share or better or something like that,of course at arms length on commercial terms.


OOPS-that'll leave stone and others still holding Cre shares,well with less than 10% and compulsory aquisition of increasingly illiquid shares.
FML isn't into having feeloaders benefiting from its productive efforts,but welcomes those shareholders that come with its investments.

WOH betide CRE shares then being given a cash value based on the last few days of being traded on the asx,at 6c or so.
or even based on 1:18 CRE to an FML at 7.7c,when those FML shares that were on offer double in value and remaining CRE holders only get cash.
The uncertainties of this takeover being resolved for one should put a fire under fml's market price.

Plus FML has a few irons in the fire that may change their market value positively quite quickly at any time without warning.Even if you were to get 10c later,it pales to what i personally anticipate to see FML values to rise to rather soon,just annoncing waiving of the 90% minimum acceptance.

Stones most profitable option may be to accept the offer for their shares for a temporary slap and a bigger return than they will likely recieve under many other scenarios.

A Meaner Leaner Management,you'll not find hardly anywhere else handling YOUR money and business.Hence so many loyal longterm FML holders,are used to being underwelmed by promises and overwelmed by performance from a shareholder focused Management,that does what it says,that don't give themselves billions of options every year at a huge discounts either for doing what they're already being FAIRLY (not extortionately)paid to do.

As always DYOR.these are my biased opinions as an FML holder and ex cre holder who can see where my future breads definitely going to be buttered.
either with CRE or with NO CRE,FML gets to walk away with the profit on this deal