obviously the diamonds are peanuts compared to IO.
FMS may as well get something for this tiny asset and concentrate on the big play. They will still hold an interest in case the diamond venture turns into gold.
It's only going to cost 1.5M which will come from the 10M IPO.
They can't loose really.
Shareholders have to weigh up whether to invest in the IPO or put those funds into more FMS shares.
That's a no brainer for me unless the 'experts report' has a lot of meaty bits in it.
iron ore investors conference - thurs in syd, page-28
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