You could hear..., page-9

A stalling approach might impact their agreement with Shandong as well as WA Government consents but the detail is unknown as is the timing so alot of guesswork. The SoA approach technically needs to come from within FMS as it is a "friendly" offer so one might argue the point that this hasn't been ruled out completely but without TIO interest or appetite it is largely irrelevant.

One thing I haven't mentioned is Todd Corporation could sell off TIO Pty Ltd completely with its staff, assets, liabilities etc....including FMS, BBIG, WLF and RMX holdings. That would change the game somewhat.