rights issue - what's your plans?, page-5

I'll be taking my entitlement. Would like a couple more under $1.70, perhaps the boat has already sailed !!!

Just wondering if the appearance then disappearance of the "2011 Objectives Timeline" was mentioned at all in the GM just held?

I was going through my papers and had another look at the timeline and noticed that Bungaroo South PFS (start in July) was only about 5 months behind IV.

I also noticed that the BS PFS would be completed about the same time they pencilled in "Options for Infrastructure Pathways for IV & BS".

So a guess here is they will be negotiating to get rail and port access with the same company and the only company that is common to both IV & BS is FMG ?

Another thought, BS is intersected by an API tenement and quoting the Ocean Equities report:

"Aquila?s Western Pilbara Iron Ore project, which is owned by the Australian Premium Iron (?API?) Joint Venture (recently the focus of US$162m investment by POSCO), is located immediately to the south of the Bungaroo South project. Aquila is looking to develop 5 deposits to get to 30Mtpa of production in the current proposed Stage 1 development plan. The southernmost of these deposits are of significantly smaller scale and similar quality than Bungaroo South and potentially less favourably located for infrastructure development. It appears to make compelling sense for API to re-assess whether the Stage 1 development should not include the Bungaroo South deposit. Aquila enjoys a strategic co-operation agreement with its major shareholder Baosteel, and the ?development decision? for the West Pilbara iron ore project, and associated infrastructure, was approved in late 2010. Aquila and Fortescue have a co-operation agreement to develop a new port facility and associated infrastructure at Anketell, and with the assistance of FMG and China Metallurgical Group Corporation (?MCC?), a conceptual plan has been submitted to the State as has a PEA. The proposed rail to Port Anketell is ~50km to the west of the Bungaroo South deposit."

So, IOH bought by Aquila and they sell IV to FMG so they can get mining sooner.

Another report did also mention that KS may be putting together a bigger deal that will take longer but will be more profitable in the mid to long term ?

Imagine nailing a deal (without sell our sole) that would secure rail and port access for both BS & IV. Would that not help the SP (10 bagger perhaps ?).

Just some thoughts.