Cash Offers
patprice,
I often think about this, for me, when I turned down the MMK offer of 0.30 cents a share, that would be the same as 0.20 cents today. How many capital raisings have we contributed to since?
We have been loyal to FMS for many, many years and we expect a good return for that loyalty. In my opinion even 0.30 cents a share would be too cheap, as very soon we will be at production. In my opinion, ( just guessing) The first years profit may cover that buy out amount.
With lots of tonnes of our high grade iron ore to be shipped from our FMS minesite (PIOP) over the next 20 years or so, ( that's what our old management told us time after time, and being told that so many times we believed what we were told) that would be a lot of money.
Now in my opinion that's why everyone in the iron ore business, ( and that's us as well, the minority FMS shareholders) is to make lots and lots of money, that's why we are still here. Aren't we? I know I am
Rosie and others say, probably tongue in cheek that we should get $1.74 cents a share, (wouldn't that be nice) however when you consider lots of our high grade iron ore coming out of our FMS mine, perhaps that price would shake us out of our tree, and that would be ok for most.
Now, this is not financial advice, what would I know, perhaps I've been in the tropics too long, perhaps I've been a Flinders (FMS) shareholder too long. do your own research.
I think this is what's keeping us FMSU shareholders united, we can dream too.
Expand
