PIOP's new customer, page-41

If u are going to tell fibs u need a good memory! If i recall correctly, at a previous AGM, Mr. Kennedy had said that the high iron ore price is what was stopping the majors dealing with FMS, and that fortescue had in fact been in talks with FMS! I think that really shows the cslibre of management here! It appears that they REALLY wish to keep their snouts in the trough, and will hope like crazy that they can get this deal over the line! Piop now has an infrastructure solution and an offtake agreement with a major chinese steel mill and the sp is at a paltry 2cents. Our position should have been negotiated to at least 15c plus or alternatively, a decent royalty! Another bidder could get this assett very cheaply indeed! Would love to sell out to a competitor and leave todd stuck with egg on their faces after the purchase of RTA along with all the time and money spent on guarantees based on what fms and the loyal cap raised weary share holders have!