Maybe it is some kind of deal with Brockman. They have put out an announcement today saying they need more time to put out a circular about the disposal of their non-mining business. It does make sense we wouldn't want to be receiving shares in a business with a non-mining aspect: it is not what we invested in FMS for to own a stake in a limousine business in China/Hongkong? Owning a stake in another Pilbara operation that is closer to the construction stage (Marillana?) maybe is more palatable to us? It also makes sense that they would want to stabilise our share price ahead of any announcement. The fact FMG is powering ahead for a re-rating on debt reduction means it would be criminal of somebody like Mr Forrest not to take advantage of a spike in his share price to dump us with some stock that has more probability of going down than up after we receive it in exchange for our FMS shares must be concentrating Brockman's minds on getting a deal done with us. Just my thoughts.
FMS Price at posting:
3.8¢ Sentiment: Hold Disclosure: Held
