It might be the fact that the FOREX blow out is not finalised...

It might be the fact that the FOREX blow out is not finalised and we could also have a CAPEX blowout from an unforeseen event (or simply hiding it again).

The Chinese probably want confirmed numbers which significantly derisks the lending. The whole world knows that Australia is suffering from a huge inflationary environment, especially in resources. The amount labour costs in the mines is just absurd. FMG was lucky it got in early - perfect timing.