Hey Kate who's to say it's not another lender than FRL and the deal was including 111m shares or the iron ore off take partner they do generally get a token stake.
We'll know who it was in 10 days as a substantial holder notice will be due. All in all some sour grapes on the Yilgarn Iron producer side I read Dave Uttings post on YIPA website the 3rd contender has been dismissed as a no hoper what's the bet it's FAS. Even if it's not as long as we have take or pay contracts forthcoming with the operator we are in business.
I remain very optimistic FAS is going to be one of the first off the line through the Esperance Port expansion.
FAS Price at posting:
1.1¢ Sentiment: LT Buy Disclosure: Held