FMG 1.87% $18.40 fortescue ltd

twiggy on inside business, page-9

  1. 9,445 Posts.
    KG
    Given this is an FMG thread what do you mean when you write that FMG is out of Solomon?


    From the 19 March FMG ASX release.
    "A definitive feasibility study was initiated in 2009 which will culminate in a report delivered to the Fortescue board bythe end of 2010

    However,from the article below linked. (dated after the tax was declared)

    http://www.heraldsun.com.au/business/palmer-attacks-unions-on-profit-tax/story-e6frfh4f-1225868580095


    "The only work to continue on the Solomon Hub will be the completion of existing studies,'' Fortescue said.


    ..............................

    Question:
    What has he actually stopped when he claims "the Solomon project is on hold"

    All hot air!
 
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