why dont you cut and paste some of Fasts postings when MXR had the option conversion at $0.20 a few months ago? hes saying the same thing over and over again.
yeap, FMS pumped in a few mill @$0.20 and now MXR is raising capital at $0.05 with free options. if you think its wise for FMS to waste more cash on MXR you need your head examined.
if FMS uses its cash to prop up MXR then FMS will be in a more vunerable state and at some point FMS will also come to market looking for cash.
management of FMS and MXR are hopeless, no matter how bad the markets are. just have a look at the admin expenses of both FMS and MXR, what have these guys acheived except drill holes and blow shareholder funds? just like that deal FMS did with Cazaly? that was good one wasnt it??
im counting down the days until FMS asks for more money via a rights issue.
will fms fund the mxr rights issue?, page-5
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