Hi,
What is driving Stone? Let me speculate. Stone's real intent is to secure ongoing supply of gold for their coin shops in HK and China, and gamble/speculate on a rewarding upside to their investment, pure conjecture.
According to Eric Sprott, gold imported into China via Hong Kong was always less than 20 tons per month, until about 5 months ago, 20 tons was exceeded for the month, then 30,40,80, and 105 tons in November. Read more at:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/1/25_Eric_Sprott_-_Aggressive_Chinese_Buying_Will_Spike_Gold_Price.html
Stone are astute businessmen IMHO. Surely they can see the advantages to them to have FML tend their strawberry patch in an expert manner almost for free. Assuming Stone want a piece of that, then conversion to FML shares is a way forward for them and all FML shareholders, ie win win.
Which way will the cards fall?
DYOR
K
Hi, What is driving Stone? Let me speculate. Stone's real intent...
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Last
15.0¢ |
Change
0.010(7.14%) |
Mkt cap ! $42.98M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 15.0¢ | $11.12K | 74.16K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9711 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 4618 | 1 |
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| Last trade - 12.59pm 21/06/2024 (20 minute delay) ? |
| FML (ASX) Chart |