FMS 0.43% $1.17 flinders mines limited

Ann: Balla Balla Infrastructure Project Update, page-47

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  1. 123 Posts.
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    Another reason is when the previous Board recommended the sale of FMS shares for 2.5 cents, the Board members were required to sell their shares for that figure.

    If OCJ was part of the FMS Board and the Board made a recommendation to shareholders that a low ball offer of say 50 cents, 60 cent or even 70 cents per share be accepted by all shareholders, I believe that OCJ as a member of the Board may therefore be required to accept that offer of 50 cents, 60 cent or even 70 cents.

    My impression is that OCJ's long term value of FMS shares is well above 70 cents per share.

    Hold and acquire is my sentiment, but please DYOR. 



 
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