FMG is riding the IO boom....Twiggy received a $1.4B dividend cheque just last month....FMG has just raised $1.5B (on top of their $3.5B existing debt load).its all about capital management...because debt is so cheap (in fact 0.1% interest rate) FMG borrows to spend in the ground to generate additional revenue....remember FMG 15 years ago was exactly where MGU is now and only trading at around 30c....I remember holding FMG at 50c and thinking this stock is cooked so I sold out....Dumb move....
Ann: MGU progresses towards DSO, page-129
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