Ann: Becoming a substantial holder in FMS by DB G, page-38

re: Ann: Becoming a substantial holder in FMS... Jamescrawford, to quote you "the poster on here who said trial by google should now understand knowledge has its advantage" it is a real pity you dont practice what you preach...

"around 10billion to get the ore to the coast"
Last FMS AGM presentation capex is quoted in the range of 823 to 1.371m, not to mention the non binding HOA for a rail development option which could reduce this capex substantially...

Real estate agents "ascertain wether you have the credilitiy to do business with"
Real estate agents dont care they will ask you, do you have preapproved finance yes or no...thats about it..

"Board of directors should be replaced".."This is an absolute disaster for the FMS board of directors"

Company has an IO RESERVE of 917mt @ 55.2%fe at pilgarra, canegrass 216mt @ 25.4% and 107mt @6.2% vanadium...SP has gone from 1 cent to 30cents (shortly to go back to 30cents) and is currently still trading around 25cents..in the last couple of months the SHAREPRICE HAS DOUBLED IN VALUE...

The 30cents offered to buy out FMS IMO really undervalues the company, but it is the best that could be negotatiated in the current market...If FMS was to go all the way to production the SP would be at least a dollar...

I would therefore not be too dissappointed if the deal was canned...we have a lot of the major milestones ticked off already, the native title signed, Rail options are documented, an additional non binding HOA for rail option, the mining lease signed, so we are in a very good position and well advanced....we are at the pointy end of the business, where a jump in the valuation to the SP can occur.....