Here's a really interesting read, a transcript from a 4 Corners...

Here's a really interesting read, a transcript from a 4 Corners interview in 2002 about the failure of Murrin Murrin.

http://www.abc.net.au/4corners/stories/s646583.htm

Young Andrew is asked about:

1) Fantastic resources that the big companies were too amazingly stupid to realise were great, and he (being a pioneer) saw as an amazing benefit to the state;
2) Complex processing that was in fact really easy;
3) Fueling speculation about takeover bids;
4) The 'Leaping Joey' aboriginal exployment scheme;
5) Ramp up schedules based on a*se pluck targets, that in turn fuel market valuations.

Lightening seems to strike twice.

As for the share price - while FMG is issuing shares at $2.38 to anyone who wants a few million that is what your share price will be.

Buy all the shares you want, Andrew will make you hugely rich.