"there should be a financial penalty for the delay"
MMK can pull out of the takeover but it will cost them a break fee of $5.5m. So FMS have no immediate cash concerns.
If MMK was no longer interested in FMS they would just pull out of the deal, cop their losses and waste no more time on it. But they are not doing that which suggests they still want FMS.
FMS now has FIRB approval plus an indigenous agreement plus QR National's proposal for providing rail and port infrastructure for WA's miners.
IMO, if Russia don't buy FMS someone else will.
whats next then?, page-14
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76.3¢ |
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Mkt cap ! $158.8M | |||
| Open | High | Low | Value | Volume |
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