Other Options, page-8

Interesting situation an posts.
Copybook style buyer and seller.
SH cant be held responsible and can’t be expected to accept insulting offers like the OA. Something is gravely wrong when the parties get a rejection of 81-88% and weren’t expecting it? One could say SH were totally disregarded. I wont go further.
Lets get a couple of points out of the way.
Mgt are in the seat to negotiate for SH so lets give them another chance. But, we had to let them know that we can’t be given another offer like before. We were told at the roadshow by Wolley that his job was to make the Todd family rich and FMS mgt said the published offer was better thant the original. SH were offered nil, and w ere expected to support it. All moneys went to mgt and they had no vision for it. (something very wrong there for both parties)
I disagree that PIOP is stranded. RTA is on the coast and would be stranded if conveyor and port were not provided.
Minors early in the proses start determining if they are going to production and work towards it. I suggest that FMS was always listed for sale.
Todd seems to be working on what they want and is difficult to negotiate an agreement.
Small miners try and mirror the big boys in a T/O and in the latter the large SH are sounded out. The bidder estimates the price and talks the major SH to determine the T/O price.
I gather OCJ hasn’t spoken.
If we put the 1.3c to the vote I’m confident we’ll get 81%rejecton. The recent buyers would probably accept. Why?
The cent increase is % wise in the ball park for T/O and the SH will make a good % profit.
That’s the operative word “Profit”
I’m open to different contracts. Nick Curtis M Wolley (ex Macquarie ) are the experts but haven’t offered SH anything worth considering and have made it worse for themselves.
So lets go back to the top of the post.
The ball is in Todd’s court. It’s one year since the OA agreement, surely they have leant something. If they want PIOP make another offer. They don’t have time on there side. They have to get going if they want this project. The discount contractors available to FMS are also available to Todd.
So, lets see if Todd want to face reality and loosen the purse strings and give a decent offer or walk. I still think SH are in a good position. We have been conditioned by mgt to wait? Sh have more time than Todd on this project.
Todd wanted security that commodities were on the rise and they have it but should pay for it? I’m reasonable, money talks so lets so put some money on the table.
GLTA