AGM Questions, page-24

And don't forget the part before that sentence. (maybe the shareholders who contacted the local politicians were listened to:   )

"The BBI railway will consist  of  160  kilometres  of  standard-gauge  heavy  haulage  railway  connecting  Balla Balla  port  with  the  railhead stockyard  and  into  the  central  Pilbara  region.  The  ore  to be  carried  by  the  rail  will  be  underpinned  by  the  project  having secured  binding agreements  with the  proponent  or  proponents  of  the  PIOP.  The  agreement  for  the  carriage  of  ore  will be  for  not  less  than  20  years  and  not  less  than  25  million  tonnes  per  annum  from  the  PIOP  and  must  be  in  place  at  the time  the  BBI  group submit  proposals  to  the  minister  for  approval."

It's been raised before but I think advice from a corporate lawyer or someone who has actual experience in mergers and acquisitions is needed to answer the question: (doubt the board would answer this question directly at the AGM)
Can BBIG (/Todd) sign an off-take agreement with FMS without shareholder approval and if it does require shareholder approval is TIO excluded from voting due to it's relationship to BBIG (/Todd) and does the same apply if a merger is proposed.



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