In my opinion, FMS is doing well by floating the (nowadays)...

In my opinion, FMS is doing well by floating the (nowadays) non-core assets. The market cap of Flinders Diamonds (as the company was called before the big shareprice raise) was roughly 10 million A$.

Now they can float it, still keeping a 20% interest in the minerals and diamond sector and getting extra working capital of 8,5 million A$ (it's minus the 1,5m A$ which will be invested in the newly floated company)!!
They can put all their attention to develop the IO side.

If I had to choose where to put this 8,5m A$ to get an ASAP return on investment, than the choise is undoubtly the Iron Ore side !!!!!
Much larger AND quicker return on invested money....

And do not forget: we maybe might not get options or shares in the new company, but FMS (and thus we cq all the shareholders) will have more working capital per share; so in fact we are cashing an asset.



And still CASH is king nowadays, with a right TIMING

Klmarc

DYOR