defining transaction

From the annual report, FMS will get rebid for the for sale sign up clear as daylight……….. read the below and see in red from chairman’s report.

Previous bid was 30 cents now trading at 8.5 cents

Since early July we have commenced this
task anew in our project data room and have
been heartened in the opening quarter of
the year by the calibre of, strength of, and
sustained interest in the PIOP.
Our level of engagement with these
interested parties has been significant and
continues to be so and includes global
trading houses previously in the room late
last year ahead of the MMK offer, and similar
scale new entrants.

These priorities include infrastructure
access, financing of mine development and
associated capital costs, ore marketing and
off-take arrangements, and joint venture
and corporate proposals aimed at securing
binding development path proposals.
Our advisers are assisting in this dialogue
with stakeholders as they conduct their
due diligence.
While there is certainly a spotlight on what
FMS does in the future, your Board and
Management are focussed on securing
a company defining transaction that is
deliverable and that achieves a measurable
and excellent outcome for our shareholders.