very proud..., page-6

Congrats, Cheetah, a great story, I have not met Andrew, but have spoken to him on the phone. And met with his legal team at the time of the ASIC case.

rc the only disappointing thing in the fmg story so far is the lack of 3rd party access to their rail which was something that was used when lobbying for licensees/permits etc and something he publicly heavily criticized bhp/rio for.

The press loves to imply that he now won't allow what he criticised BHP and RIO for. But as usual, that's not accurate. He has no problem with proper commercial deals for use of the FMG railway line. Several companies have demanded basically free access, as their right, as thought the railway was government owned. The silly part is that if they had approached him with a reasonable commercial proposal they would almost certainly now have access.

They forget what a process it was to get approvals and loans, and actually build the line. Its now a 100% FMG-owned fabulous asset.

One of the sweetest things for me is the way in which FMG withstood the shorting storm in September 2012. AF had said that he would never dilute FMG's cap. But few seemed to remember that. If he had wilted and issued millions of shares at that time, as shorters expected, instead of doing what he did, the company would almost certainly now be history with billions of shares on issue and a monstrous debt, and a share price of a few cents. A la FMS.

I will never forget that quiet little speech, and I have learnt to pay attention to what companies actually say, not what the press says they say. Plain english and honesty does it every time.