FMG 1.26% $18.75 fortescue ltd

equity raising, page-12

  1. 5,867 Posts.
    re: us400 million investment squeeze Look closely at the terms of the loan-that is an off the top royalty turkeys=4% of revenue.-Nicely hidden away in the body of the release.

    Go away and work out the 'real' interest rate on that one if you can! (112%?)

    Twigmeister smokes another mirror?

    Wonder if the ASX will ask for clarification of the terms on the same basis as his firm contract with the Chinese?LOL

    Probably not-too busy elsewhere.

    Cheers,TAS
 
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