I am not a expert in this are but I will add my two pence worth,...

I am not a expert in this are but I will add my two pence worth, I have held FMS since the early days (FDL).

Prior to the report of the iron ore the shares were trading at .01, on the announcement of the iron ore then the shares jumped to .07.

We have continued to spend money on non iron ore exploration without any really positive results, whereby the iron ore resource has continued to increase.

So if the shareholders vote no to the proposal I assume from the announcement then there will be no further funding for non iron exploration, and a handing back of tenements.

So we need to decide if 25% of a possible find of diamonds etc is worth more then trying to convince directors to continue to fund exploration.

Myself even if I dont like the proposal that I have no other choice then to vote for it.

But others must make up their own mind