next boat, page-525

Good Evening Rod,

I support your analysis of the board not wanting a take over offer, there are too many performance options that would go begging = lost, so the money value for the options would have to be made back in the offer for the share price and i cant see this happening.

Knowing the above, you are right to believe that the company share price is being held down, i am led to believe (following my nose) that this to be the case in line for an offering of 20% of Fenix to a cornerstone investor for mutual benefit.

Atlas iron has been mentioned, i doubt this very much to be the case.

Given the geography of where we are located, there seems to bo only 1 other cashed up suitor that would fit this profile and to me it is the same company that sold us our shed.

A 20% offering to gain access to other tenements in the area makes sense for mutual benefit.

A hint for me is the current share price as a future partner would want a discount or get in on the cheap with the initial offer.

For those players that like maths equasions start doing the numbers as it is interesting.

All speculation ofcourse, but im pretty sure this is whats on the cards.

Have a good evening all,

Rooks