Note that at the time of that announcement FMS was not a...

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20/03/18

14:26

Post #: 31888255
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Originally posted by PS ↑

Some shareholders will remember that back in June 2015 Rutila (now BBIG) announced “Off-market Bid Update and Conditional Offtake Agreement Signed”. In that announcement it stated that “Further to our previous announcements relating to ongoing discussions with a major Chinese steel mill, a subsidiary of Rutila’s joint venture partner, Todd, has entered into a conditional agreement with major Chinese steel mill Shandong Iron and Steel Group for a long-term offtake of iron ore from the Central Pilbara, which may include iron ore from Rutila’s Alliance Partner, Flinders Mines Ltd. (ASX:FMS) Pilbara Iron Ore Project.”

Given that FMS is now a subsidiary of Todd, does that not mean that FMS effectively already has in effect an Offtake Agreement? Couldn’t that Offtake Agreement be used effectively to secure finance for our PIOP mine? Maybe someone that can get a return call from FMS directors could ask them the question? Maybe they could be asked to follow this up with the TIO representatives on the FMS board?

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Note that at the time of that announcement FMS was not a subsidiary of Todd. It is now. As, it appears, that the Offtake Agreement is between Todd and Shandong it make me wonder why FMS have not jumped on this and made sure the market is aware that the Offtake Agreement is now available to FMS, if that is the case? And why wouldn’t it be?????

FMS Price at posting: 8.2¢ Sentiment: Buy Disclosure: Held
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Note that at the time of that announcement FMS was not a...

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