Looks like a concerted effort to down ramp the stock. 1st get a marginal analyst to write a negative article,then you short the stock aggressively.
The last time I check, FMG cost of production is ~$50US, if and when iron ore falls to $50-60, it would wipe out all the smaller producers 1st thus tightening supplies. No one is pinning on IO staying at $180. If IO stays above $100 for another 1-2years, the funding cost for the expansion can be internally driven by revenues.
The feigned disbelief about how quickly production can be ramped up reminds me of when one of the analyst offered to lay down on the now completed and functional railway tracks.
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Looks like a concerted effort to down ramp the stock. 1st get a...
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