I would not be surprised to see an announcement prior to the meeting to get the $1.86 options agreement past the share holders. Wayne would have a good idea how the share holders are feeling,so I would think he would realise it will not go through unless we get some thing to cheer us up and give us hope for the future. Would have to be an update on beneficiation-agreement signed on sale of ore-signed agreement on finance to help get the project going towards selling product before 2012. On the updated site is a report from the Herald Sun 5/11/08. Carroll Pike & Piercy Research analyst Peter Rudd said Fortescue could be interested in acquisitions following Treasurer Wayne Swan's decision to allow third parties on the Pilbara's privately-owned rail networks.It gives all the small players the same chance. They would be to small for BHP & RIO,but perhaps Fortescue could acquire some of these small deposits close to the rail lines and bring them on stream relatively quickly. Brockman Resources which owns the Marillana iron ore deposit is considered one of the Pilbara's most attractive propositions.
Is Wayne hinting with putting this on the site?
Regards Westcott.
BRM Price at posting:
47.0¢ Sentiment: None Disclosure: Held