well done on making a call, good luck wiht youre future plays.i...

well done on making a call, good luck wiht youre future plays.

i certainly agree that management have dragged their heels on certain aspects but i believe that was prior to GS days.
Since GS has taken the helm things have ticked along nicely

so i suppose your call is being a bit harsh on the current MD.

Not able to comment on the rest of the team.

I think citi group involvement isnt worth the money they will be paying as their are by far more experienced local entities that have a proven record that i believe could get a similar if not quicker result but at the same time
having a big name considering they used Worley Parson was perhaps the reasoning.

the real issue is the current spot price and bargining power China no have which i believe will make it difficult to get what i think the board would think is an acceptable deal
So considering FMS is a development story at the mercy of the markets i think its wise to at least reduce some exposure.