ago up 12% ! good sign for fmg, page-9

Farmboy

FMG are in trouble, they have rolled the dice on their expansion, borrowed lots of money and now struggling to come up with the debt servicing payments! Unless the IO price rises, I can't see why anyone would want to take over a non profitable business! All their worries are basically tied to the iron ore price, cap raising will have a huge impact in many different ways and selling assets is only going to raise their costs in the future! They need to talk to the financiers and hopefully come to some sort of an agreement! The next few months will be very testing times for the board and shareholders! I hope it all works out for everyone,

the profit