Iron ore price, page-4885

FMG couldn't afford STO even back then, FMG has further work to do on it's own balance sheet let alone contemplate a $10+B acquisition.

A takeover would have to be debt funded as Twiggy isn't going to be stumping up for a rights issue, which is a further issue in having a charismatic key shareholder in control of a company. The equity markets can't be accessed like anyone else in the top 20/ 100 would do.

Furthermore a lot of the STO increase is in the mooted bid which is yet to eventuate. I don't see much upside in STO from here - thinking about closing out my position at current levels.

I agree with your more recent comments re women in mining, the industry is falling over itself to meet self-imposed gender targets and is promoting good but not great women to roles they wouldn't have obtained on pure merit. Maybe good for the industry in the longer term, but not a great outcome for current shareholders