The treatment for your nerve pain..., page-105

Go away for a few hours then come back and find some of the comments fascinating...absolutely fascinating. Anyway it looks like the new kid has the floor so who am I to deny him that time, enjoy.

My comment about a merger was in a different thread and actually was correct but it seems no-one wants to listen since I was the messenger or they just don't like the idea because they haven't figured it out yet or thought it through yet, so be it. Some of the comments have erred and used take-over ratio's and assumptions rather than a merger ratio's, there is a difference.

It looks like everyone is up for a fight with TIO over FMS, again. I just think the plan needs to be smarter than last time...last time it was about blocking the OA and sheer grunting and heaving got them over the line with a stout rejection of the OA, quite deservedly...this time is different and they (minority shareholders) will need to have a counter proposal and a conditional merger is about as good as it gets. Going it alone wont work with TIO at the other end of the infrastructure deal and no end client prepared to buy the ore, trucking it is entertaining but not worthy of consideration if you know the terrain and anything about rail service roads, looking for a white knight hasn't worked in the past and wont in the future unless they get attracted to FMS by a unique proposition and maybe, just maybe OCJ has the key for that but there are only 2 parties (end users of iron ore) that it would work with...BAO Steel and Shandong Steel. Why? Both are chinese as is OCJ and both have shown interest in Pilbara ore outside of the big guys...Shandong through TIO (and that's a risk in itself) and BAO Steel through the Ankatell-WPIOP project that was shelved not so long ago...by the way a better comparison than the Oakajee project for many reasons none so much as the BBIG project is proposing a toll-based facility and uses trans-shipment.

Suffice to say the thumbs up are funny to see and I hope some folks can think outside the herd think mentality and will secure themselves financially better off as a result. For now FMS has become a bit of a traders play, tomorrow will be interesting.

Something for others to read if they haven't got their head around history yet (click on the announcement in the link to open the presentation)...not much has changed other than some of the financial figures due to ore prices and funds in the capital markets for infrastructure projects.

Link contains the old version of the BBIG (Rutila) proposal