FMG 1.91% $21.62 fortescue ltd

china puts brakes on hunan bid, page-12

  1. 3,271 Posts.
    Agree Buddy, the case so far is tall poppy hunting on the part of ASIC, they better have the biggest Ace in history up their sleeve because at the moment their holding jack against Fortescue IMO. I'm not going to pretend I know the full facts of the trial but from what I'm reading the trial is laughable, If I were the judge I would have thrown the case out the door in the second week.

    ASIC IMO should go after Telstra for lack of a decent broadband service in Australia and not tendering for what is possibly the biggest infrastructure contract Australia has seen in the last decade.

 
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