FML 6.25% 17.0¢ focus minerals ltd

Ann: Focus Enters into Exclusivity Deed with Intermin Resources, page-26

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 682 Posts.
    lightbulb Created with Sketch. 51
    DF-Yes I plead guilty as stated.
    Originally I was full of praise of JP and defended him against other posters.
    Now being a holder since July'18 my view has changed.
    Each to their own views.This is mine-not popular I'll grant you.
    You've read my prev. posts on the IRC forum which cover my reasons-
    basically:
    JP IMO picks the wrong people to have dealings with eg
    EGS,**AXF Resources and now the latest vendors -again our far far north friends.
    The MRP takeover(their cash has almost depleted)-lack of excitement there.
    The cock up with the mining contractor which we lost, costing IRC big bucks.
    The failed option takeup (I was one of the few who converted for 90% of my
    holding-I still hold).
    The take up of RWD rights-big drop in that investment.
    As I said before the now practice of camouflaging the cash with the RWD investment.
    Dilution of IRC's SP with proposed large new issues.

    ** I understand this was a legacy from when MR was CEO.

    Nothing personal but I'm not enamoured with his(or is it MR's influence)
    strategies.
    I bought into IRC thinking they would continue the proven IMO successful operations of
    short term mining whilst expanding their exploration tenements and building
    their cash up to $10m and continual self funding.To me the FML and AXF tie ups will finish similarly ie constant extensions of
    agreements etc with requests to alter the original terms.It's a culture thing (excl. EGS).

    In summary I see IRC's cash being continually depleted and the self funded spruik
    become a mere pleasant memory of "what once was ".
    So to conclude I much preferred IRC the way they were going before either MRP
    or FML.
    Could be I'm very wrong but I'm not alone albeit few would admit it(except Crom Valens
    -whilst ST78 sold off ~800,000 of his orig. 1m IRC holding.
    The "canny" ones sold their IRC shares quietly much earlier on and saw what was happening-
    -despite the low SP seems they haven't yet returned.
    Time will tell what transpires with the IRC SP.
    The above is just me being candid-I don't expect many/any to agree with me.
 
watchlist Created with Sketch. Add FML (ASX) to my watchlist
(20min delay)
Last
17.0¢
Change
0.010(6.25%)
Mkt cap ! $40.11M
Open High Low Value Volume
17.0¢ 17.0¢ 17.0¢ $340 2K

Buyers (Bids)

No. Vol. Price($)
1 11550 16.5¢
 

Sellers (Offers)

Price($) Vol. No.
18.0¢ 38500 1
View Market Depth
Last trade - 13.39pm 15/11/2024 (20 minute delay) ?
FML (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.