Mike, I do not believe FMG should give a blow by blow description of their daily activities. Do you see this with any other listed company? If not why do you expect it of FMG, King Mike?
You also did not quote the story accurately, I heard Mayne(buiness editor of the Australian being interviewed about the story on ABC radio) His words were that BHP booked 17 of the Cape sized vessels with most people assuming that it was done to impede RIO. Mayne's take was that it was done to impede FMG. However he also add that FMG did manage to secure a cap sized vessel albeit at a slightly higher freight per tonnes. No your story was not BS but highly doctored to suit your own needs which is essentially equivalent to BS.
macquarie bank scenario for fmg, page-11
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$18.87 |
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Mkt cap ! $58.10B | |||
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