A/O - I think we have not been provided with the nitty gritty.
But from my understanding, FMS will continue funding the completion of the FMS BFS.
Then I believe FMS will cease expenditure on PIOP (save for upkeep, keeping permits current etc).
IF (big if) the Option deal is voted Yes, then the clock starts.
It then is Todd who is responsible for all expenditure on PIOP.
I think, but not 100%, that FMS is not responsible for any expenditure on PIOP whilst the Option is still valid.
If Todd actually exercise their Option, and thus purchase PIOP, then Todd still continues to expend on PIOP.
If Todd do not exercise the Option to purchase PIOP. then all the work carried out by Todd returns to FMS. And I think that includes all the technical stuff, as well as the physical stuff.
I am certain that the Option covers this detail, but we have not been privy to it.
it certainly is a valid question - someone could email FMS and ask. I do not have the time.
cheers
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80.5¢ |
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Mkt cap ! $160.8M |
Open | High | Low | Value | Volume |
80.5¢ | 80.5¢ | 80.5¢ | $1.24K | 1.54K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2531 | 79.0¢ |
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Price($) | Vol. | No. |
---|---|---|
89.0¢ | 2368 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2531 | 0.790 |
1 | 16200 | 0.760 |
2 | 5573 | 0.740 |
1 | 1309 | 0.700 |
1 | 7246 | 0.690 |
Price($) | Vol. | No. |
---|---|---|
0.890 | 2368 | 1 |
0.910 | 20000 | 1 |
0.980 | 10000 | 1 |
1.000 | 1812 | 2 |
1.030 | 5500 | 1 |
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