So sit at your dinner table and put a 100 dollar bill on the table and next to it put two 20 cents coins and ask yourself if that is a fair deal.
and along with those two 20c pieces put the equivalent of cashflow required to put FMS into production - build a line because aside from much speculation here nothing has eventuated in regards to access, build the plant, administration, acomodation, purchase the mobile equipment, secure wharf space & unloading/loading facilities, locos certainly aren't cheap. Of course it could all be done but whats the dilution to shareholders current holdings by going it alone ? & how long until you will recieve any kind of dividend or return on the investment ? i guess at that point time value also comes into it - what could the cash be doing over the next 3-5 years ?
Weigh it anyway you like but simply comparing $1t to current $0.40t without any further thought is really pretty far reaching - reality is the current place of value is probably not to far off what is fair & reasonable for the resource based on what is needed into the future to extract & put it to market.
Don't forget none of you are loosing money here the takeover is at a price FMS has never even traded at prior to the offer.
Good luck to all holders though & congratulations to those that have had the patience to see it right through.
So sit at your dinner table and put a 100 dollar bill on the...
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