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Ann: Flinders signs option agreement with Todd Corporation, page-41

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11/05/15

13:36

Post #: 15255132
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Originally posted by Chops001 ↑

The more I think about this, the more I realise how bad this deal is. Todd don't even have to decide whether to buy the project until December next year (another year and a half) and even after that they can keep extending (so, why would the share price rise in the mean time? Certainly no hedge funds or fund managers will have any reason to buy in). Has FMS got rocks for brains?? So, say the IO price went back up close to $100, then sure, Todd will exercise the option and buy the project, cause there will be so much upside in it for them. But if the IO price doesn't move much or goes down, then they will cancel the option or extend it, and we will be sitting here left with nothing, because all the $10m payment will do is cover Board salaries and admin costs!
If IO price does right up again and we then want to do the project ourselves or sell it for much more than $55m, then will we be able to- no! Because we sold ourselves to someone who under the deal has nothing to lose but all to gain!

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But during that time, we might get an offer from Chinese, 10 cents per share, who know????

FMS Price at posting: 1.6¢ Sentiment: Hold Disclosure: Held
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Ann: Flinders signs option agreement with Todd Corporation, page-41

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Ann: Flinders signs option agreement with Todd Corporation, page-41

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