GolfR32,
The simple answer is : I really believe that! There have been numerous official announcements that have specifically stated that this is the case. There have been a number of conditions that have been met along the way, such as Native Title agreement, Mining Lease approval granted and all we are now waiting for is the announcement of the offtake agreement and completion of final due diligence. NEVER has it been suggested that this deal will not go ahead (except by the doomsayers on HC, and really, what do they know?) and so until there is an announcement to the contrary we must assume the finance deal is still on. Wild speculation and guessing gets us nowhere and is of no value to the discussion.
"All the numbers", as you refer to them, are currently bieng scruitinsed by the lenders. And "no" it is neither necessary nor appropriate to disclose such confidential information publicly BEFORE a deal is finalised. Everyone knows that.
If something isn't sitting right, then please enlighten us. However, from where I'm sitting things are looking good for FAS. Even the low SP is not of concern anymore - I merely see this as an opportunity to load up on a few more and take advantage of others' irrational decisions to sell.
The only dark cloud on the horizon is the price of IO, which is probably the reason why we have not had the announcement yet. In my opinion, the market has over-reacted to the China slow down and IO prices will stabalise soon. We have to remember that it is only a slow down in GROWTH in China - so demand will not stop or even decline, it will simply not grow at the rate it has done recently. IO will still be required and global demand will still remain high.
Good luck to all.
Add to My Watchlist
What is My Watchlist?