why tfa selling spv to fwl?, page-7

Eyeoverit,

I got absolutely fantastic business paying myself over $300K pa. and plenty of time to chat too. And plenty of cash on board, no debt with strong balance sheet.

Unfortunately, slow China growth FWL still need to director fees and FWL has no good project to go forward. This slow growth makes very hard for new player to come into the market, but low cost producers like BHP, RIO and Vale will do ok. This clearly reflected in share price of BHP and RIO as they hold steady unlike FWL's share price.

More director's fees mean more dilution and money stuck in FWL shares going no where, and missing out other opportunities.

Just IMHO.