FML 9.68% 14.0¢ focus minerals ltd

what they said and when

  1. 875 Posts.
    Thommo and others who are worried about poor management, i just want to straighten the ledger.

    A poster said in early March (Jacky 123)that we need a cap raising. Someone replied on the 7th March saying "no", i'll take the CEO's word for it.

    Both posts are correct, however, it is the timing that is all wrong. Whilst that post was only written 4 weeks ago about the CEO stating their won't be a cap raising, it was in reference to an interview conducted by Brian Carlton on the 25th July 2010 (over 9 months ago).

    In a nutshell, the company has not rescinded any "6 week promise".

    I really don't care either way (RE: Cap Raising) as i 110% trust what this management is doing, but just wanted people to know the facts before showing blatant disregard for management ability (especially when it is based on fiction).

    Here is the link if anyone is interested. Interview last 6:35 and the statement is made at 5:29.

    http://www.abnnewswire.net/multimedia/en/63369/Focus-Minerals-Ltd.html

    If you listen carefully, the comment is also made in respect to raising capital for TI. Nothing else Focus is doing is mentioned.

    Good Luck
 
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