FMS 0.43% $1.17 flinders mines limited

In my opinion, the question could be why is there little volume...

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  1. 540 Posts.
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    In my opinion, the question could be why is there little volume of shares traded? Is it because I realise the value of my shares and don't want to sell? Has everything been done to positively position our Company in the market so as to attract institutional investors? Have alternate paths to production been pursued given our proximity to others major IO producers, if so am I able to ask what those efforts have been? What about our Vanadium resource? Is this commodity something we could capitalise on to attract market attention? 

    The statement by our board re liquidity is an accurate one and in my opinion, begs the question, why so? - when we have have done so much over the past few years towards an infrastructure solution? When we have participated in cap raisings previously for a BFS why is the estimate at approx 40mill plus? Does this mean nothing was done re the previous raisings for this specific work and what exactly is the work needed to be done and how were these costs estimated? 

     Why 27mill for a buy back and not organise those moneys and do another raising to complete our BFS ?

    In my opinion, you could see massive trade volumes of fms with a positive announcement re a fair and reasonable deal negotiated with BBIG or indeed another IO producer.

    The question I ask myself  is why is it beneficial to me for FMS to delist now? Is it better that FMS enter into a deal with BBIG first so we know what to expect prior to either supporting or not the delisting? 

    Personally, I would love to know where our board is taking us and with whom first? I think this is a resonable position given the many many years I have been supporting our progress to market via cap raisings for that specific purpose. 

    I am also personally concerned that a delisting is possible without the need for the majority SH to actually consider the votes of other SH despite only having approx. 56%  of shares.

    Regardless of these concerns I want to wish everybody a very Happy and safe (Holy for those that share my faith)Christmas! 

    I would encourage those that have shared their thoughts on this situation to hold on to your beliefs and principles and act out those values everyday. 

    In my opinion, a win at all costs approach to business is something which comes at a greater cost than many who practice this understand. 

    i personally know the stories of many independent SH in this forum having been around for so long, and feel for you at this time given the uncertainty we face. Unfortunately, in my opinion, what can be done as opposed to what should be done considering the human side of things often is the case.

    i hope the New Year brings better news for all! 


 
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