hey FRACK been watching and trading this since 2007,primarily
a trader----reality, without completion by MMK,FMS is a dormant resource
in an expanding competitive market.
i think some reflection might see this as the greatest reason for the recommendation to accept the offer.
China might slow still outpacing the rest of the world,volume expansion by majors could have a dramatic affect on the viability developing a resouce to production.
on top of this we have the unknowns in the Euro.
Development to production for FMS is as significant a cost as
the offer by MMK----RIO,FMG,BHP they have their own agenda
and in the game of chess even less reason to rush out and buy FMS
Of course these are just my uneducated thoughts on the subject along with the real possibility that those who have substantial exposure could experience a very real shortfall
if MMK collapses the deal and no other party bids.
Ask Gina Reinhart what dormant means you cant eat it,then
FMS will sit on the shelf worth <10c possibly <5c and for how long.
Bit like buried treasure except a map comes with FMS and a proven resource.
and yes i remain interested but it all depends on what i see
on a live screen----a day prior to the MMK offer i had ear
marked a buy within the week,to late.
in the past because FMS was stagnating and i was out of the money i extricated myself by using the markets mechanics and calculated parcels allowing a margin of .0025cents on
240000 i lost $5-64 brokerage inclusive.i found that one immensely amusing not to mention challenging in asliding market. however that is but one of many forays with FMS
thats my biggest interest "dont lose money" and for the present i remain on the sidelines
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