At the end of the day OCJ has the complete control over any BBI/FMS offer, now OCJ have over 750,000,000 shares in FMS and I believe their average is approx .06cps (I could be wrong) so that's over $45,000,000 tied up in FMS for over 5 years and currently they are down approx $6,000,000 on their investment.
So what will they be seeking from the deal, to have over $45,000,000 tied up for so many years with zero return, OCJ would be more aware then most of the demand for IO in China and they would be well aware of the current value of over 1.4 million tonnes of IO that they partly own in FMS.
I believe the next few months are going to be extremely interesting and I cant see them falling for any number games, I suppose the multimillion dollar question is..........
What will OCJ accept???????
L4L
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