Hi All,
Don Taig said, to get something, you have to give something away (or similar). This makes sense. it is normal business practice. I have been a proponent of the YES vote all along, however, I cannot form any worthwhile resolve around the 51% part of things. I want the cash, don't get me wrong, but if SD are in it for the profits, the gold or whatever else, then what can't they get for 49% that they can get for 51%. The 2% is control. I need more visibility around the 2% and what it does for us as shareholders. If this deal were based solely on commercial objectives, then all of these can be met with 49% investment in FML. If there is another motive, then you need the extra 2%.
I have posted many points favouring the YES vote, and I still believe they exist. I have not given enough creedance to the loss of control and why SD actually need 51% if their objectives are commercial only in nature (i.e. to grow FML and generate returns for the shareholders).
If the vote was today, I would probably toss a coin. This experience is not new in that the longer you have to ponder a decision, the more likely you are to question yourself.
Anyone else thinking about swapping teams on this one or am I alone?
Have a good night - erm - morning.
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Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.98M |
Open | High | Low | Value | Volume |
15.0¢ | 15.0¢ | 15.0¢ | $1K | 6.666K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 38429 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 28684 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 38429 | 0.130 |
2 | 26870 | 0.125 |
2 | 35474 | 0.120 |
3 | 27181 | 0.110 |
2 | 10571 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 28684 | 2 |
0.160 | 11109 | 2 |
0.165 | 34919 | 2 |
0.170 | 10000 | 1 |
0.175 | 16889 | 3 |
Last trade - 10.02am 22/08/2024 (20 minute delay) ? |
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