I went over to the FEX site and could see no notice of the float being cancelled nor can I see any notice on here. Can anyone explain what is happening.
Now if it has been cancelled who bears the cost of all the new mining leases purchased and the cost of the float in general.
Will anyone be bought to task for the obscene gifts of shares that were to go back to the directors. I would like to have this company think clearly about the future of these people within this company. Those free shared to directors may have killed the deal
Those thinking of a TO please understand it is likely we will end up with minimum one billion tons of Iron ore. Some are talking of the figure two which might just be a bit high. Get it into your thick heads that the three main companies are making around a profit of min. ninety dollars a ton. Now multiply that by 1 billion and subtract the cost of shared infrastructure and ask your self if you want a TO based on cents per ton in ground.
If this mob ever gets its act together your profit of hanging in will make all your day trading seem like twiddle winks. Remember a lot of people in Perth bought lovely homes with ten grand worth of FMG held for ten years.
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