Davo,
There is no binding processing agreement in place.
Both companies have an "exclusivity agreement" that expired on Sept 30. That part of the announcement was not on the FML note to ASX, only on Matsa's announcement:
http://www.asx.com.au/asxpdf/20090812/pdf/31k1vskhscrl7d.pdf
I would have thought that FML would have sealed the deal by now.
Cheers,
C12
quarterly soon, page-25
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