Iron stocks plummet as Harbinger offloads Murchison Sarah-Jane Tasker From: The Australian April 29, 2010 12:00AM
"US hedge fund Harbinger Capital is continuing its selldown of Australian iron ore miners, with Murchison Metals its latest target.
Philip Falcone's Harbinger is rumoured to be behind the dumping of about 45 million Murchison Metals shares on Tuesday, days after he offloaded a block of shares in Andrew Forrest's Fortescue Metals Group...
Despite his selldown in Australian iron ore miners, Mr Falcone is said to be the main backer of ex-Fortescue chairman Gordon Toll's iron ore venture, Ferrous Resources.
Brazil-focused Ferrous is rumoured to shortly be listing on the London Stock Exchange, in what is expected to be one of the largest mining IPOs for quite some time"
Full article The Australian 29/04/2010 - link below
