"investment banks/funds will not lend fmg $1.5 billions if they...

"investment banks/funds will not lend fmg $1.5 billions if they think fmg and iron ore prices are doomed."

That's a pretty accurate statement. There are billions of dollars sitting around in accounts in the US, earning nothing. Their owners have no confidence and are afraid to invest in anything. The speed and size of the FMG bond deal indicates to me that there was little persuasion necessary. We need to remember that many commentators recently have been bagging FMG, based mainly on the need to raise capital and the perceived notion that it would be difficult. So a lot of journos now are made to look a bit silly, - not for the first time with FMG. So they are looking for every negative they can find to justify their 'mistake'.

Not only that, but we have to ask, would RIO, BHP, Gina and Clive be investing billions in expansion if their research showed that a collapse was imminent? I don't think so.