so far, so good., page-16

jgunter99, I tend to agree with you but I think it won't take 2 weeks to play out it will come to a head sooner than that i feel. This is a post I placed on the FMG thread early today. Its true for GBG as it is for FMG.

Loved Charlie Aitken's Bell Potter newsletter today in reference to FMG (& in bold print):

"Those currently targeting Fortescue are making one fundamental judgement error; they are betting Andrew Forrest will blink. Just like were betting Kerry Stokes would blink two weeks ago.

FMG will not blink. There will be no equity issuance. My view is in a few weeks time when risk is rallying hard post the European "solution" FMG will tap the US corporate debt market for $2bil at an interest rate well below those "rumoured" by shorters. What will happen then is once Bloomberg reports the debt issue is done, thus shorts will start aggressively covering. At the same time the spot iron ore price will be bottoming on Chinese restocking, and the rally in FMG shares will be between +25% and +50%."

Well said Charlie.