twiggy is a champion., page-5

fang

You are quite right.

The share price was at the time around $1.70 from memory and jumped to well over $2 on the announcement.

If my memory serves me correctly, it was to do with building the rail link and was with a Chinese company or two.

I make no judgment here although privately I have but suffice it to say I have been waiting a long time for this action to come by ASIC who are, if you believe some here, damned if they do and damned if they don't.

Go and ask what CVI holders think of ASIC's inaction on their complaints regarding that company.

So ASIC take action against FMG and they are called "brown cardigan poobah looser" by downunderminer.

Very unfair.

I suppose justice is one thing and loosing our resources to the Chinese government is another.

If given the choice I would err on the side of the status quo however the law is the law and if it has been breached, then ASIC have every right and indeed a duty to carry the prosecution through to its logical conclusion and let the chips fall where they may.

I have a tendency to listen and give more credence to those who express a view on this issue when they are not holders of the stock.

Invariably, those that hold the stock have their judgment influenced by their own self interest, looking at the situation, such as it is, through rose colored glasses.

The share price may suffer badly during this hearing of the matter which I think has been set down for about 5 weeks.

The share price was down again today.