anyone catch the size of the 16c bite? massive, page-29

Thorburn,

Agreed...yes its a tad frustrating and certainly patience is being tested. Like all holders I get excited when 17c is exposed, thinking the bulls are running, only to see a 14.5c close.

I think our frustration stems from fms NOT following 'typical' SP build up to PFS release. As you and other astute posters have pointed out, FMS have some distractions, namely FEX. Prehaps a 10c IPO and a 1 for 10 offer for all FMS holders might have been a lot more acceptable as opposed to the directors thinking of setting up their kids education fund?

I have not been holding for as long as many on this forum...I got in at the 5c days, then topped up recently at 8.5c...but my painful strategy is long term. I will ride this baby out for a few years at least...I figure we have probably 850-900MT in the Pilbra..a bit more at Canegrass...and EVENTUALLY we will get it to market!

Good luck...we some luck in life!