kribi port december start, page-8

The FMG vs SDL number of share comparison debate is interesting.

My only observation is that FMG has 3B shares but also has a completed infrastructure and functioning mine exporting Iron Ore.

We are not in that position yet, therefore it can be argued that we have too many shares on issue given our present progress. Not that it matters very much. GJ has already stated that the amount of shares on issue is no deterrent to those who want to provide equity and finance.

It would be better to start off a lower base at this stage of the game. But here we are and there is not much we can do about it just now.

Bring on next year!!