fortescue looking to bulk up quickly good news, page-4

CoalKing...this in todays WestAustralian

Forrest blames Fortescue dive on short-sellers
21st July 2008, 6:30 WST

Australia’s richest man Andrew Forrest has launched a scathing attack on sharemarket manipulators who he claims have triggered Fortescue Metals Group’s 36 per cent share price slump and called for more transparency to govern equity short-sellers.

Mr Forrest yesterday rejected as wrong rumours that have swept the marketplace and affected Fortescue’s share price, including claims its Pilbara iron ore had been rejected by Chinese mills.

It was nothing more than shortsellers trying to manipulate the miner’s stock value, he said.