Aussierat, thanks for the roulette lesson this must worry James Packer.
Van Eck Gdxj fund has lost 45% of the money invested in the last 12 months. Look at the substancial notices issued by them in relation to FML and you will find their investment has diminished by 60% they are on a par with Shandong.
This operation was closed from 2005 till 2008 when FML took it over, take it as read this mine will not reopen in the near future. My guess 2 to 3 years if then.
Where are the high grade deposits, forget Treasure Island, this asset is surplus to current management requirements and and is not what was indicated to the shareholders when it was bought.
I would suggest that Shandong are looking to divest of assets to try and recoup some of their lost investment.
Every shareholder of this company is underwater including you so no porkies please.
Good luck if you continue to hold but your system at the casino sounds better to me.
,
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Aussierat, thanks for the roulette lesson this must worry James...
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1 | 47700 | 0.175 |
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Price($) | Vol. | No. |
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0.190 | 85181 | 3 |
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0.200 | 339208 | 5 |
0.210 | 6315 | 1 |
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