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Haplo

17,221 Posts.

3864

18/11/14

19:30

Post #: 14310503
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Originally posted by shakattack ↑

I suspect Sam W's response will be "all of this was anticipated"... they have successfully destroyed the mkt cap of small and mid cap iron ore companies (value destruction achieved c $1b) and in the process have successfully destroyed >$10b of their own shareholders value

Sam W is now writing a book on "Strategic Value Destruction" ... co-authored by Tom A

DYOR

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Looks like it's going to be a bad night for I/O tonight. Probably won't be looking at my holdings for some time. All the best.

FMG Price at posting: $2.97 Sentiment: None Disclosure: Not Held

RIO Price at posting: $59.47 Sentiment: None Disclosure: Not Held

AGO Price at posting: 21.5¢ Sentiment: Hold Disclosure: Held
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