Well said indeck, I think BoD are gutless and there is a coward...

Well said indeck, I think BoD are gutless and there is a coward or two among them IMO as they cannot give a presentation or even be present at AGM to face minority shareholders!

Toad has control of company and it is obvious by the lack of public announcements that all that happens in FMS is first passed by them and no one else.

I am of the opinion that OCJ and FMSU are very much on the same page especially since the results of the recent AGM and as such Toad is effectively locked into a position they never intended and I believe their only way to take full control of the company is to make an offer much more realistic offer that would be acceptable.
Both OCJ and FMSU holders are and have been aware for quite some time of the realistic value in FMS.

All the current talk of the downgrade ore quality is more spin from you know where and will not have any affect on belief in the long term value of the company. I believe that Toad are locked into a time frame for the provision of an improved offer where if they offer a higher amount too soon after their last offer then they would have to pay all previous shareholders who accepted the lower offer.

Talking timeframes Toad are also locked into a serious timeframe to make everything happen regarding the milestones we are familiar with in the BBIG representations. All this makes for a very interesting next few months IMO.

Please DYOR as always this is just my venting for the weekend.