Ms Edwardes, Deputy Chair and Chair of Flinders’ PIOP Infrastructure Committee, said: “I am very pleased with the outcome of the negotiations with BBIG. I genuinely believe this is a very attractive deal for all shareholders. This puts us in a position where we can go mining and share in the potential upside of a major mining development.” Mr Gurry said: “I have scrutinised this deal with a firm eye on what is in the best interests of the minority shareholders. I believe this is a very good outcome for minorities, delivering the only feasible and realistic opportunity to go mining within an industry standard JV structure for introducing a larger well capitalised partner. The series of governance protocols in place to protect Flinders and its minority shareholders also provides reassurance. I think the transaction is fair based on the monetary value of what BBIG needs to contribute on our behalf and the fact Flinders shareholders can see this developed without having to provide their own project funding, barring limited circumstances.” There goes any shed of credibility that they may have been hanging by in as far as being 'Independent' just more puppets ( albeit expensive ones) for Todd, at a guess those statements IMHO sound like they were written by a media release facilitator.
FMS Price at posting:
5.5¢ Sentiment: Hold Disclosure: Held
