last post, page-12

"Pursuant to ASX Listing Rule 17.1, requests that ASX grant a trading halt of its securities effective immediately, pending release of an announcement regarding the Scheme Implementation Agreement between Flinders and Magnitogorsk Iron and Steel Works OJSC dated 25 November 2012.

Flinders requests that the trading halt remain in place until the earlier of Flinders making that announcement or open of market on Thursday, 5 April 2012."

What could this be?

1) A better offer has come and MMK have matched it as part of the SIA
2) A better offer has come and Flinders have accepted it, and MMK couldnt match it, therefore SIA no longer needed
3) Business as usual and a TH is part of closing out the existing SIA (im no expert but dont think this is likely)

There is an inconsistency in that FMS was due to end trading on Wed 4th, and this ann says it may resume the earlier of the 5th or release of the ann...which means if they are tardy in releasing the ann we would be trading on the 5th...meaning the conditions of the SIA have changed or might no longer be valid.

The little piece of me that was dying from last week till today has now got a bit more of a spark of life!!