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$1.17 flinders mines limited

I am horrified at the way HC contributions are being censored. I...

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georgia14

251 Posts.

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18/12/18

15:35

Post #: 36895435
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Originally posted by cosmicz ↑

I will send this to all emails supplied by a good shareholder. any one want to edit this can and ill may use it.

I know it will be hard fight but I must have my say REALLY REALLY ERRKS ME OFF.

MMY REASONS AGAINT THE DELISTING FMS SHOULD BE DROPPED as UNETHICAL TO ALL LISTED SHAREHOLDERS ACROSS THE ASX BOARD.

Why delisting FMS was planned year ago and not a current response Dec 2018 as outlined by BBI but a last ditch to force FMS delist but preferably deregister FMS long term to satisfy external clients and fulfill The Railway (BBI Rail Aus. Pty Ltd) Agreement Act 2017 (using FMS PIOP to obtain this agreement) This is a future please explain to shareholders highly questionable.
2014

Flinders and the Balla Balla JV have agreed the following commercial terms 2014¹The Balla Balla JV participants are 68% Rutila and 32% Todd (Todd hold an existing 7.5% option)

The Balla Balla JV¹ proposes to develop the Balla Balla Mine Export Facility and the Central Pilbara Railway. Flinders have agreed to be the Foundation Customer of the infrastructure through the development of the 25Mtpa PIOP, located approximately 200km south of the Export Facility in the Central Pilbara region of Western Australia
Key Commercial Terms: Flinders as the Foundation User of the excess capacity will commit to a minimum of 20mtpa (Stage 1 FMS Capacity) with the ability to transport up to 30mpta should it be made available
This indicated that Flinders will be a Foundation user will supply the ore min 20mtpa. This indicates FMS is a very viable resource. Balla Balla JV proposed to develop and Flinders agree to be a foundation customer.
BBI now realize the value of FMS and now will try to acquire FMS in the next few years.
Now BBI Consultant are working overtime on how to takeover FMS

2015
AAP Sep 25th, 2015 Flinders shareholders reject Todd offer they then re-offer again rejected by shareholders.
2016
17 March 2016 — 5:55pm by Tess SMH
Todd Corporation renews pursuit of Flinders Mines New Zealand's billionaire Todd family has launched a $31 million off-market takeover bid for iron ore hopeful Flinders Resources following a failed attempt last year to acquire the company's key project

It is understood the private Todd Corporation's basis for its ongoing pursuit of Flinders, and its 2015 takeover of neighboring developer Rutila Resources, is a positive long-term view on iron ore market dynamics.
"[Todd] is seeking to increase its shareholding in Flinders to at least a level where it can better influence the future direction of Flinders and the evaluation of the future development options for PIOP," Mr. Woolley said.
If Todd managed to takeover Flinders, it said it planned to delist the company and conduct a review to determine how best to develop PIOP.
If it failed to complete a takeover, but gained a position of control, Todd said it would appoint directors to the board, call for a thorough review of the company and continue to "pursue alternative opportunities within the Pilbara to secure sources of iron ore for the Balla Balla infrastructure project".
If the review wasn't completed to its satisfaction, Todd said it would move to spill the board.

Todd’s motives are clear delist and cutoff all shareholders through the takeover
Now THE DIRECTORS IN COMMON RUNNING FMS best interests are;
Flinders directors
Michael Woolley
He was appointed Vice President Corporate Development for the Todd Corporation in 2011. In February 2013 he was appointed to the role of Vice President Minerals and moved to Sydney in July 2013.
Evan Davies
Non-Executive Director
Mr. Davies joined Todd Property as Managing Director in 2008 and is a Trustee for several substantial charitable organizations and a Director of several public sector enterprises.

Nothing to say here speaks for it self

THIS AGREEMENT is made this 23 day of January 2017
Railway (BBI Rail Aus Pty Ltd) Agreement Act 2017

BBI now state use FMS PIOP to make an agreement without Shareholder knowledge and without an announcement as to the details or the mechanics involved

HOW IS IT THIS AGREEMENT HAPPENED WITHOUT FMS KNOWLEDGE TO THE DETAILS DID BBIG ACT ON BEHALF OF FMS THIS NEEDS TO BE INVESTIGATED
FMS PIOP. BBI now must completely acquire FMS as now FMS PIOP is listed in an agreement. Does this sound like a company the delisting is in the best interest of shareholders? No delisting is an act of desperation. And at multiple levels will crush the minority shareholders.

BETWEEN THE HONOURABLE COLIN JAMES BARNETT, BBI RAIL AUS PTY LTD TODD PETROLEUM MINING COMPANY LIMITED, TODD OFFSHORE LIMITED, TODD MINERALS LIMITED
WHERE IS FLINDERS AGREEMENT

WHEREAS:
The Guarantors and the Company are investigating the feasibility of
The Company constructing and operating a railway from the PIOP
Mining area loading point to within the proposed Port of Balla Balla

For illustrative purposes and without limiting the terms of this
Agreement, the anticipated route and corridor for the railway and
Associated facilities from the PIOP mining area loading point to the
Port is described by the indicative plan in Schedule 1 to this
Agreement

THIS AGREEMENT WITNESSES:
"
Pilbara Iron Ore Railways
“Means each railway constructed under
A Government agreement which is located wholly or substantially in
One or more of the local government districts of Ashburton, East
Pilbara, Port Hedland and Roebourne at the date of this Agreement;

Railway (BBI Rail Aust Pty Ltd) Agreement Act 2017
Railway (BBI Rail Aust Pty Ltd) Agreement 2017
Schedule 1As at 06 Dec 2017
One or more of the local government districts of Ashburton, East
Pilbara, Port Hedland and Roebourne at the date of this Agreement;
"
PIOP
Mining area
“Means the areas which, at the date of this
Agreement, are the subject of Mining Lease 47/1451 and Exploration
License 47/1560;

NOTE FLINDERS web site Indicates Mining Lease
PILBARA IRON ORE PROJECT (PIOP Mining Lease M47/1451 (Blacksmith) was granted by the Western Australian Department of Mines and Petroleum on 26 March 2012.
PIOP
Mining area
Loading point
“Means the proposed northerly
End point of the conveyor system intended to be constructed upon the
Land the subject of application for Miscellaneous License L47/733
And application for Miscellaneous License L47/753 by or for the
Benefit of the PIOP mining area proponent
;
"
PIOP mining area proponent
“Means one or more project
Proponents undertaking, or who propose to develop, an iron ore
Mining project within the PIOP mining area;

Company to submit proposals
At the time when the Company submits the last of the said proposals pursuant to this clause, it shall:

iii) the Company having a binding agreement or agreements with the PIOP mining area proponent or proponents (as the case may be) for the transport by the Company upon the Railway to the Port, for not
less than 20 years from the Railway Operation Date, of not less than 25 million tons in aggregate per annum, commencing from the Railway Operation Date, of iron ore produced, or products derived from iron ore produced by such proponent or proponents, after the date of this Agreement from a project or projects (as the case may be) within the PIOP mining area, which agreement may be conditional upon the grant of the Port Railway Lease and the Special Railway License;

Company to submit proposals
) At the time when the Company submits the last of the said proposals pursuant to this clause, it shall:

iii) the Company having a binding agreement or agreements with the PIOP mining area proponent or proponents (as the case may be) for the transport by the Company upon the Railway to the Port, for not
less than 20 years from the Railway Operation Date, of not less than 25 million tonnes in aggregate per annum, commencing from the Railway Operation Date, of iron ore produced, or products derived from iron ore produced by such proponent or proponents, after the date of this Agreement from a project or projects (as the case may be) within the PIOP mining area, which agreement may be conditional upon the grant of the Port Railway Lease and the Special Railway License;

Company to submit proposals
) At the time when the Company submits the last of the said proposals pursuant to this clause, it shall:

iii) the Company having a binding agreement or agreements with the PIOP mining area proponent or proponents (as the case may be) for the transport by the Company upon the Railway to the Port, for not
less than 20 years from the Railway Operation Date, of not less than 25 million tonnes in aggregate per annum, commencing from the Railway Operation Date, of iron ore produced, or products derived from iron ore produced by such proponent or proponents, after the date of this Agreement from a project or projects (as the case may be) within the PIOP mining area, which agreement may be conditional upon the grant of the Port Railway Lease and the Special Railway License;
How it is possible FMS is mentioned some many time in the agreement?
BBI is now fully committed but does not control FMS so let’s DELIST THEM

go to part 2

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I am horrified at the way HC contributions are being censored. I understand we can't be overtly defamatory but it is at times like this that the FMS public need a forum to vent their disbelief and anger and if we can't do that, well then what is the use of the forum if somebody, and I am presuming the Flinders Board, can sit back and pick off our HC contributions claiming we are offensive. Just to be clear -WE ARE OFFENDED by what the FMS Board proposes to do with our equity in FMS - our aid to retirement - our 12 year financial investment in FMS. Now it appears we are wanted no more. It sure is a David and Goliath world.

I would have thought this is when a Forum really comes into its own and if the Flinders Board don't like what we are writing about them, well then stop reading our HC contributions.
FMS Price at posting: 4.3¢ Sentiment: Buy Disclosure: Held
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