fairfax down ramps fmg - must be loading up !, page-39

The verdict we await is just to establish if Twiggy can launch an appeal to the High Court to overturn the finding of the lower court. We still have some way to travel if he is successful today (& I sure hope he is).

The arguments on HC seem to come down to believers in the FMG story & those who disbelieve, everything else is just grist for the mill. I am a believer & for that reason believe that FMG will grow & prosper with or without Twiggy on the board. He is a visionary, a dynamo & he did what most of the business community said could not be done - he has proved himself. He will no doubt do what ever is necessary to vindicate his position but as for FMG, he holds approx one third of the shares, will continue to be a outstanding proponent of the FMG story be it from the boardroom or from without & any gyration the court decision makes to the share price will be long forgotten when FMG succeeds in it's stated plan to be the largest iron ore producer in Australia.

Whilst its doom & gloom on world markets currently, the fundamentals that back FMG are only improving. The staggering cash flow that it is spinning off, the terrific relationship that has been built with China (unlike RIO or BHP) the self funding ability to increase production & the phenomenal price mark up above production costs even allowing for a gradual pull back of ore prices all indicate a bright & prosperous future for the New Force in Iron Ore.