NZrugby,
I see RTA/Todd rail deal as arms length. RTA/Todd needed a client ready to go when rail and port finished so they bartered a deal.
FMS build the mine and pay for transport with cash back for being foundation client. FMS not funding building of rail/port. So, FMS going ahead as independent mine developer. As stated in presentation, FMS will be looking at various ways of funding the mine development. Mgt are aware of other deals that have been signed like selling part of I/O, steel mills advancing funds to secure delivery. Ect. Don’t expect $1bn raised in multiple cr’s to retail SH.
BCK may have been given the offer but in Chinese business style they stuffed around by saying they have options. BCK made enquiries with FMG and then suggested they would deliver to port by road. Remember, Todd will be supplying tole road which would double as service road.
If BCK want to use Todd rail/road they will have to barter a deal independently to FMS.
Any future increase in shipment by FMS will be barded .
If a second rail is in the area and wants FMS’s business, that puts FMS in the “box seat”. As a new mine, FMS is second to BCK in tones and FMS has higher grade ore, although BCK did find some 62% Fe reasently.
With regard to increasing SP, mgt will make public new drilling results when there about to go looking for more $ to excite the market.
Those selling at 2.5c obviously don’t want a higher price, and what should mgt do??????
Cheers guys
Toot toot engines, tug boats, ships, I think I better get G kinds involved.
Exiting times
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