sundance 500mil/tons@40/50cents, page-11

I would say that the announcement will have something to do with the establishment of an alliance...as hinted in the previous release....

"On 1 September 2011, Flinders Mines engaged the
Global Banking division of Citigroup Pty Ltd (Citi) to
undertake an in-depth review of the strategic options
open to the Company in finalising its future alliances
for the 100% owned Pilbara Iron Ore Project (PIOP) in
Western Australia.
As a result of Flinders’ ongoing development planning
for the PIOP, the Company has been engaged in
discussions with a number of parties looking to form
alliances with Flinders.
On the basis of the strong levels of interest resulting
from these incomplete and non-binding discussions,
Flinders engaged Citi with the objective of maximising
value for all shareholders by assessing expressions of
interest from third parties, as well as reviewing other
value-enhancing business strategies on behalf of the
Flinders Board"

I hold both FMS and SDL both had great long term potential it is a shame SDL shareholder value has been cut short by the hanlong takeover bid, and management rolling over...