Quartely report dated 30-04-2012 Future Work Program The focus for FMS during the June 2012 quarter will be to continue with critical path activities and conserve cash while finalising the MMK transaction. Infrastructure negotiations with non-independent providers remain on hold due to the restricted activities allowable under the Scheme Implementation Agreement (“SIA”) resulting in some of the earlier planned timeframes being extended. The largest impact to the project will be the completion of the DFS originally scheduled for the end of Q2 2012. As soon as it is possible, either on the completion or the expiry of the SIA, we will re-estimate the planned timeframes and resume the planned activities.
FMS Price at posting:
12.7¢ Sentiment: Buy Disclosure: Not Held
