Ann: Balla Balla Infrastructure Project Update, page-21

Balla Balla Infrastructure Project Update

                In my opinion this announcement is because management can see that the FMS minority shareholders are getting a bit restless, by the lack of information forthcoming. The minority FMS shareholders appear to only see the good upside of our (FMS) PIOP, our management only talks about the"Risk side". 

               When our management says that there hasn't been any talks with BBIG, I just about fall over and laugh. Our Management have been put in place by TIO NZ Ltd. The same company that owns 55.6% of FMS is TIO NZ Ltd, which is the same company that owns the majority of BBIG. (and they don't talk to each other!) To me it's just like having a big boardroom table, BBIG management at one end and FMS management at the other. (and they don't talk to each other) give me a break, everyone is watching.

               FMS (PIOP) we have been told by the old management that we have a lot of high grade iron ore, ( we believed them, we had lots of glossy FMS propaganda telling us so)  in my opinion our management today brings everything into the high risk scenario. anything thats good doesn't get amplified, anything that's a possible risk does.

              In my opinion, and to me it looks like our management only has eyes for only one master, TIO NZ Ltd, and FMS PIOP will only be developed by one company, TIO NZ Ltd's majority owned BBIG, and they say they aren't communicating, give me a break.

              This alone is why I feel that our management needs to promote FMS, and communicate with us minority FMS shareholders all the time to show that they are independent, and they have other ways to market, but alas from my eyes I only see opportunist at play.

              The world is watching, the FMS minority shareholders are smart people, and we are united,  we all want to go together and build this FMS (PIOP) into a really great company. If our management is seen to be with us then we certainly will be proud to be with them.

             Come on FMS management, pull your finger out and lets build this mine, for all of us , TIO NZ Ltd, for OCJ, and for the minority FMS shareholders, who believe, and are loyal, and like our majority shareholder, we want to make money too, just like you do.