FMG 1.50% $17.08 fortescue ltd

Ann: Completion of Cheritons Find Sale, page-4

  1. 1,848 Posts.
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    RC, I read the announcement quickly. Its just a $700,000 transaction and I gather FMG Resources a fully owned FMG subsidiary is involved somehow but I don't even know if its on the buying or selling side. I don't see it as a price sensitive to FMG announcement though it could easily be price sensitive to RIE.

    $700,000 for FMG is very small beer. Cheritons Find isn't about iron ore.

    I guess down at the level of $700,000 transactions FMG isn't now or hasn't always been a completely pure iron ore play after all.
 
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