Ann: Becoming a substantial holder in FMS by DB G, page-23

re: Ann: Becoming a substantial holder in FMS...
Balian

Andrew Forrest has said in the past in the media he is serious about helping other juniors in the area access rail to get their product to port. He has fairly stated also that he is not a charity and the juniors have to pay a reasonable price for this.

I would hope that if MMK do take us over the deal he would have offered us would be fairly similar to whatever he will or has offered MMK. We will probably never know what he offered us though but it is a question I would love to hear the answer to.

Interesting that on past threads and articles that it has been quoted that at an $85 per tonne price on iron ore that we are worth approximately 60c per share. I believe that with another junior FMG gave them rail access but took 50% of the company. Could MMK have the attitude that with a rail deal the company is worth 60c per share, give FMG 50% of the company and our value would still be 30c per share which is what we are paying for it.

I'm still hoping for a play by someone like Atlas Iron who might think that our resource would really beef up their company, or FMG who might think well yes, we do have big reserves but this one is right next door so we save on transport and processing costs or RIO, who I am hoping will simply say it's a great asset, we have the cash and we will make money from it so lets do it.

Good luck to all - Have a great weekend!

Geoff