cash for fmg: forrest in talks with stokes, page-4

fair point cc, but surely stokes would try and use an opportunity to maximise return from ALL his investments...

I for mine don't believe that IOH has all it's eggs in the FMG basket and I suspect the market thinks likewise... OK IOH was fallen with the iron ore price, and arguably it's too close to cash backing to make any difference, but if the IOH price had tanked along with FMG yesterday, I'd have thought "hmmmm, now there's a correlation".

There is a chance that if FMG falls over and the deal doesn't go through that IOH will go on and thrive and it will be a great case of money for nothing.