FML 3.33% 14.5¢ focus minerals ltd

takeover situation, page-4

  1. asf
    9,887 Posts.
    kentwang said:

    "At the moment I see no value in FML exercising the convertible notes and options, it being better to keep the $13m in play, especially in a failed takeover scenario they could pick up even more CRE shares by converting at a later date after the CRE share price has plummeted..."

    kent, the notes convert into CRE shares @ a price of 5c. If CRE's SP plummeted, there would be no value in the notes? The value in the notes is if the SP stays over 5c, yes?

    boydie, I had a situation like yours, except you made 50%, and I came out even. :D However, in assessing CRE shares to buy now, it's an interesting one. Since the CRE buyer has gone, I reckon there'll be vultures circling, seeking blood as the remaining CRE holders seek to exit. As there's only a small amount of time before an outcome occurs re CRE, I'd be weorriedabout getting caught in, with buyers asking for less and less.

    If you do go in, good luck. :) It's all a mystery bag right now!
 
watchlist Created with Sketch. Add FML (ASX) to my watchlist
(20min delay)
Last
14.5¢
Change
-0.005(3.33%)
Mkt cap ! $41.55M
Open High Low Value Volume
15.0¢ 15.0¢ 14.5¢ $3.724K 25.03K

Buyers (Bids)

No. Vol. Price($)
2 63063 14.5¢
 

Sellers (Offers)

Price($) Vol. No.
15.0¢ 130790 5
View Market Depth
Last trade - 11.46am 12/09/2024 (20 minute delay) ?
FML (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.