fmg gets better response than most sovereigns, page-3

I have only been in FMG a few months, mainly I was attracted by the heavy shorting against what looked like a good investment thesis. Now it is one of my favourite long term high conviction plays.

A company that does not dilute shareholders from future upside, can raise debt easily, forecast production growing at speed, prices well established over US$140/t (actually over $144 last time I looked) despite all the doom and gloom reporting. RIO and BHP are trying to get a better position in iron ore which add to my conviction this is a good place to be, very few good sized pure iron ore plays around.

Not sure about whether there is someone big picking up a stake, wouldn't be surprising given where China wants to be in a few years. Seems the games with shorting have settled.