ouch - fin rev – unlikely fmg will exercise iv, page-3

Mr Market certainly doesn't think the FMG option will be taken up.

I also got the feeling at the AGM that there was growing doubt, with AV making it very clear that they were working on plan B options for Iron Valley just in case...

I tend to think that this media article, by a sponsored writer basically tells us that the FMG deal is not going to happen and once announced the SP will take a hit even though we are fairly close to cash backing already.

Not good news in the short-medium term.