@ That Fundamental GuyI think the wording that shareholders need...

@ That Fundamental Guy

I think the wording that shareholders need to direct their attention to are:

"Under the terms of the Agreement and subject to further agreement in final transaction documents, Flinders Ports would CONSTRUCT, OWN AND OPERATE the proposed Myponie Point Port - reducing the Hawsons Iron Project's capital requirements, while enabling the company to participate in future growth as the port's cornerstone customer."

Obviously the agreement is conditional on the capital being raised, and the mine being built, but this is not a minor development by any stretch of the imagination, when you consider that a major port operator owned by several superannuation funds had conditionally agreed to finance the building a port which could cost in excess to $2bn to facilitate the transport of Hawsons supergrade iron ore product...!!!