From day one the obvious outcome has been for FMG to aquire FMS, a simple growth strategy. Last month FMG announced a $1 billion debt offering to fund its expansion to 155 mta . The following day they doubled it to $2 billion and stated "The net proceeds from this offering will be used in connection with the 155Mtpa Expansion and the acquisition of related mobile mining equipment". Now, I am no Twiggy Forrest (far from it) but common sense tells that it would be in FMG's long term interests to trump the offer & keep a potential global competitor (MMK)out of the Pilbara. The moneys there Twiggy - hit the button old boy !!!!!
the sensible outcome
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Mkt cap ! $171.8M | |||
| Open | High | Low | Value | Volume |
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