profit on fms mining?, page-8

Jamiromman,
I’m not shore what your getting at.
Are you saying a T/O is the only solution for FMS?
The Co. would have to pay for T/O, 1bn to develop mine and some 2-3bn for rail and port.
The majors have lots of ore and don’t want new deposits at the moment. The majors are very disciplined in there finances and if ore prices increase they will allocate a percentage of the increase to new resources.
MKK had 5% from memory in FMG before trying the FMS T/O. They probably thought of negotiating a cheap rail price with FMG. FMG just dished out what they got from BHP .
IMO, and I think it was the opinion of others that Putin stepped in on the MKK deal. Putin is well looked after by home industries, and why have it’s currency leave Russia and possibly develop trade balance difficulties . The quality of ore doesn’t matter too much to Russia because it sell’s it’s product to Russian industry.
If your not a “believer” why look for an re-entry price?
In your opinion mgt can’t manage ,and the deal is wrong and the Co. has to incur a development cost????
Everyone knew how much FMS had in the bank, and this deal had been on the table for some time. More than months or weeks and each detail and there are a few had to be negotiated. FMS could have raised on going cash at any time, from banks, shark financiers, cr etc, and have diluted the shares. These types of deals are announced on the ASX daily.

FMS hasn’t tried to hide the cost of development.
A small cr at 2.5c puts FMS back on the radar and updates the information room, it’s a grate price for a Co. with 900+ mt good quality ore, have done a pre feasibility study and it’s on it’s way to Bankable Feasibility Study. You bought into FMS at a higher price when it was a hopeful and hesitate now that it’is a definite???????
Why are you a non believer? RTA and Todd put there money up because they believe in the alliance. They are able to satisfy there financiers and SH.
Cheers