Todd gets nod for Flinders deal, page-117

@AndreM

I agree and later this month we may all know for sure. By the way my 2.5 cent was a back of the napkin of a take-over value of FMS using the Todd offer excluding the royalties, if royalties were included it got to about 8 cents. Anything above that was good negotiating by the FMS Board and or favourable trade winds.

Todd Corporation wont walk away from trying to secure FMS iron ore after it has secured RTA as FMS is probably the lowest valued junior in the area and Todd already hold about 20% of its issued capital but they will be careful not to over-capitalise on any infrastructure they need to put in.

Interesting that this little powerplay has sparked the whole rail transport infrastructure debate in the region again - government putting in the wholesale infrastructure versus private sector doing what it needs to do just for itself. An old old argument that dates back decades across many sectors and my view is we have swung too far the other way now.

Cheers