Do you really think the team have time in their busy schedules...

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Shizmo

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01/07/22

14:14

Post #: 62321358
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Originally posted by jake0002: ↑

I think time has shown that the "proposal" for BBIG to transfer all of BBIG PIOP project to FMS for $1, is pretty much dead.
If they haven't been able to negotiate a deal in 18mths, and when ore price was at highest levels, then what chance now?
I think the transfer deal is dead because the BBIG PIOP project is dead.
And the BBIG Project is dead because the Chinese funding, customers, construction parties disappeared years ago.
And of course, silence regarding that issue from the board of FMS.
So it would appear that BBIG/Todd are keeping the transfer deal alive, in the hope that they can resurrect a deal with the Chinese or some other party. Good luck with that.
Any deal to keep BBIG project alive necessitates a secure supply of ore - and we know the travails of Todd/BBIG had to secure the ore from FMS/PIOP over the years!
So in the interim, in order to keep FMS solvent, they are funding FMS via the shortfall funding, and repaying the BBIG loans from those payments. I think that $2m loan was netted-off against the shortfall amount??
How does FMS survive when BBIG shortfall payments cease?
What happened to the trucking option?
What is the Board's Plan B?

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Do you really think the team have time in their busy schedules to focus on a plan B??? With all the super proactive and thorough plan A they have been constantly keeping us updated on! /s

FMS Price at posting: 43.0¢ Sentiment: Hold Disclosure: Held
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