atlas frontrunner in fortescue rail - smh, page-8

Agree Cata I always thought it would be an institutional fund that would buy the rail assets from FMG and smaller players like AGO being first in the queue and others will just pay a price per ton to rail it to port.

I also thought part of the deal would be that FMG could use AGO's port allocation until AGO are ready to use it all themselves.

Who knows its all guesswork at the moment but there is no way that AGO have to come up with billions they have enough cash in hand to get on board with FMG and whoever takes out the % of the rail, it seems to me FMG just spruiking up the news a bit to entice a better deal from 'someone' nobody knows if there is a real buyer out there yet or not or its wishful thinking on their part.

All to be revealed Im sure in 6 - 8 weeks.