Hi fitnfam,If FML had some intention to maintain the status quo...

Hi fitnfam,

If FML had some intention to maintain the status quo between the CRE and FML share price during the takeover period then history will show that they failed.

For a substantial part of the takeover period, rather than accepting the FML offer, CRE shareholders would have been better off selling their shares on market and converting the proceeds into FML shares.

When ammunition was needed by FML to convince CRE shareholders that they would be better off accepting the FML offer, FML had little to use - a narrow scoped TI announcement that did little to excite the market, an FML quarterly report indicating higher than anticipated production costs, and a CRE quarterly report that while revealing a loss for the period, also showed a stockpile of 450,000 tons of ore at the Granny Smith ROM pad (no value attributed, but 75% of next milling campaign feed).

Excluding the takeover, FML has forecast some $37M (a record amount) on production, development and exploration expenditure in this quarter, and if you are planning to spend this amount in 3 months, one would think a progress report of some kind would be forthcoming?

Sorry, but I am sticking with the "fail announcements 101" crew on this.

cheers, kentwang