FMG will make a takeover offer once "their" guys have conducted due diligence/drilling on the resource.
Options:
JV: whereby the Ironore resource is spun into new stock with FMG/FDL major holders
FMG just make an offer to buy the whole tenement for cash and/or shares.
FMG just buy the whole thing
FMG do the work, FDL collect a payment of some description.
FDL have to do a deal with FMG
- makes the most sense and they already have interests together.
My take is the takeover/JV or whatever has already been nutted out in principle, im sure FMG have already started the talk.
time will tell
Any option is good for holders, its a win/win
And yes "conceptual" is the wording used by the MD
Why? beciuse thats what it is, without facts he cant say otherwise, reading between the lines its not that difficult is it?
Oh yes wait until its a proven resource, then buy in, and Ill happily sell my 50c shares to you, but not all of them.
FDL
flinders diamonds limited
