TIO has made a number of statements in the Original Bidder’s Statement regarding its intentions on acquiring 50.01% or more but less than 90% of all Flinders’ Shares, including that it may seek to remove Flinders’ listing on the ASX. If Flinders is delisted, it will result in Flinders’ shareholders holding shares in an unlisted company for which there may not be a liquid market.
Why did they include this statement if there is no way possible they could de-list us? they must have an ace up their sleeve ? or just hoping all us small holders lose interest and go away quietly. Hopefully time will beat them as BBIG will have to pull the trigger at some stage in the not to distant future if the project is to get off the ground, 'strange' that the rail line goes to PIOP or maybe there is a secret deposit of iron ore near by they have been hiding
FMS Price at posting:
8.1¢ Sentiment: Hold Disclosure: Held
