Hi Guys, one of the posters asked how the development of FMS could be financed beside cr? Lots of ways, I like royalties, so much per ton goes back to the lender, being private, bank, Ironworks or ore broker. They get there money back in a nice medium term cash stream. FMG and Gina got there money from a group of banks and financiers they seem to have to pay back so much plus interest. As a share holder I’m more concerned with the SP. Negligible reaction to the last great anns. No way is anyone going to give 15X current price in a T/o. and SH will complain because it was only 30 C with rail/port and extra high grade ore. I enjoy reading all the posts, nice group of characters. I put it to those who want to trade on one or two pips. Fortunately not many do. In a cheap stock and small volume do you realy make money in the long turm I have had some experience. Traders don’t want to trade at the upper resistance level but are happy to go lower, That’s considered a bargain.. I have seen a person nocking the price down after hours buy buying 2 shares for a total of4c. Instose don’t like it because they don’t want to trade and it’s more likely the price will drop. The price doesn’t go up very much because of the wall of sales and the volume isn’t big enough to buy them out and go past that resistance. At the last AGM I was quite disappointed with the little the board had stated but I was impressed by the deal with RTA/TODD some good negotiation had gone on. The board is well aware of all the deals that are going on in the Pilbara and have a few ideas of there own. One can’t be working there without talking about the deals. So how are they going to finance the rest of the development? That’s for someone else to answer. If the number of shares on issue are increased we may have a consolidation. It will have to be above 10c to get away from trading on the pips and the last one I experienced was 15x . So, working with figures we are familiar with .02= .30, .03= .45 , .04= .60. .07= 1.05, .15=2.25. big gaps. Instos will probably support this. To suggest the large investors are going to push the price up is a joke. Mgt can’t really do too much, if SH don’t let the price run. Mgt can have a buy back for employee shares above what they paid for them. A few retail SH would be upset with that? Another way to finance the development, is for someone to buy off market. For about $25 m we can effectively have a t/o. by the Co. issuing new share to a Co. Current share holders would be left high and dry particularly if it is a Chinese Co , since a few don’t really care about SH. They get there money from the development bank and don’t really have to relate to SH a great deal. Retail SH become the people that buy when they want to adjust there portfolio and buy into CR . So we should be looking more at the trading than mgt. Good luck guys, I’d love to have a $1 party. IW
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