From our friend.......... In Ref. to the...

From our friend..........

In Ref. to the Announcement:

https://www.asx.com.au/asxpdf/20190617/pdf/445wvc08qfg05j.pdf

.....As part of Flinders’ commitment to progression of the PIOP, the Company is undertaking a process of Board renewal:....

.....Flinders has commenced a process....

.....Flinders has completed an internal review to identify the best path forward to progress the PIOP
and unlock value for all shareholders:.....

.....In recognition of the fact that BBI Group Pty Ltd (BBIG) represents a potential infrastructure
pathway for the PIOP through the Balla Balla Infrastructure Project (BBIG Project), Flinders
has sought a proposal from BBIG and commenced preliminary discussions with BBIG
concerning potential future arrangements to progress the PIOP and unlock value for
Flinders’ shareholders........

....As part of the path forward, the Board intends to build on its shareholder engagement and will ensure
shareholders remain fully informed as the strategic plan is executed.....

....However, given the significant capital outlay that this would require and the limited funding
options available to Flinders under its current structure, the Board has decided to focus on considering
a potential rail and port infrastructure solution.....

....Significant capital will be required to develop the PIOP. The Board does not consider it economically
viable for Flinders to raise this capital under its current structure and also develop its own rail and port
infrastructure, particularly for a project of the potential scale of the PIOP. Flinders will therefore be reliant
on third parties to provide port and rail services to the project and support the PIOP mine development....

....There are a limited number of potential infrastructure alternatives available for the PIOP. The
Infrastructure Committee will commence a process to determine the best available infrastructure
solution for Flinders, based on the following criteria: (BBIG)

• sufficient existing or proposed port and rail capacity to accommodate the PIOP’s anticipated ore
volumes; (BBIG)
• timeliness of delivery of the required infrastructure solution; (BBIG)
• potential to assist Flinders in securing financing to develop the PIOP; (BBIG)
• commercial motivation and technical capacity of the counterparty to deliver an infrastructure solution
for Flinders; (BBIG)
• economic viability of the infrastructure solution and potential to contribute to the economic viability
of the PIOP, including capacity to deliver appropriate returns to shareholders. (BBIG)

WE know the Answer and we see the Jigsaw Puzzle is very Clear, its BBIG.

We will not drop Our Guards however its very Clear to me that Management with Todd will come up with a deal. And if its Good enough for OCJ and the Brendan Clan its ok for me..... they will not except peanuts.

BBIG - Balla Balla Infrastructure Group is Dependant on Our PIOP, its the Core to the whole Plan going forward, from the WA Railway Agreement to the Financing Approvals, condition Own "PIOP"... Fact.
Ok So Toad / Management have attempted numerous time to aquire it;

On 11th May 2015 Flinders signs option agreement with Todd Corporation for $65m+ PIOP sale. (Failed)
http://flindersmines.com/wp-content/uploads/fms_asx20150511.pdf

On 17 March 2016 TIO makes the First Takeover Offers 1.3c (Failed)
disallowed/business/companies/todd-corporation-renews-pursuit-of-flinders-mines-20160317-gnl7jc.html

On 9th May 2016 TIO makes the Second Takeover Offers of 2.5c (Falied)
http://flindersmines.com/wp-content/uploads/1552863.pdf

On 10th November 2017 TIO and Our Management Tried to change Our Constitution. (Failed)
http://flindersmines.com/wp-content/uploads/FMS_Replacement-Proposed-Constitution_10.11.17.pdf

On 25th January 2017 Railway Agreement with the Government (Passed).
http://flindersmines.com/wp-content/uploads/1638018.pdf

On 13th December 2018 FMS Announced to Delist FMS. (Failed)
http://flindersmines.com/wp-content/uploads/20181213_Flinders-announces-intention-to-de-list-from-ASX.pdf

On 10th January 2019 Takeover Panel Receives Application (First Application) (Successful)
http://flindersmines.com/wp-content/uploads/20181213_Flinders-announces-intention-to-de-list-from-ASX.pdf

On 11th January 2019 Takeover Panel Receives Application. (Second Application) (Successful)
http://flindersmines.com/wp-content/uploads/20190111_Flinders-Mines-Limited-03-Panel-Receives-Application.pdf

On 11th February 2019 Takeover Panel Finds "Unacceptable Circumstances" (Successful)
http://flindersmines.com/wp-content/uploads/20190211_TOV-Declaration-of-Unacceptable-Circumstances.pdf

On 13th March 2019 249D Application to Remove the Board. (Failed)
http://flindersmines.com/wp-content/uploads/443g1t2sfyfl1k.pdf

On 19th March 2019 Revised Application to ASX for the Delist of FMS Application. (Failed)
http://flindersmines.com/wp-content/uploads/Application-for-ASX-formal-de-listing-approval.pdf

On 10th April 2019 Withdrawal of Revised Application to Delist FMS. (Failed)
http://flindersmines.com/wp-content/uploads/20190410_Withdrawal-of-revised-application-for-de-listing.pdf

To Present Announcement Above, they are;

1. In a Corner.
2. Running Out Of Time.

Without dropping Our Guards (OCJ, Brendan & Co., Over 4,000 Shareholders, One Nation, Media, ASIC) I Believe We do have them Out Numbered.

Just my guess its "The Final Stand" they cannot second guess this next Process, its has to be a "Fair and Reasonable Offer" or they waist more Time that they don't Have!!!

If they can't Afford $1 a Share, then, since "They Only Want The PIOP" and No mention of the Vanadium or Canegrass, maybe some sort of a Royalty Scheme .... upfront 15c - 25c plus some Royalty for 10 yrs. remember life of mine over 20 yrs.

FMS is The Foundation Customer because its the "Core to the BBIG Project"!!!!!!!!