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Yes, but the head honcho of FMG can run off with a...

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nippy

14,503 Posts.

886

02/02/25

17:00

Post #: 77668899
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Originally posted by wiskers: ↑

Here's something of interest

You can buy a house in Port Headland which is a mining town for around $650,000.

Interest rate of loan 6%.

Yet if you get a margin loan against, say FMG

You can only borrow only 65%

Interest rate of 9.9%

I view the house a much higher risk than FMG

I think the figures should be the other way around.

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Yes, but the head honcho of FMG can run off with a mistress.....

Maybe he did already... Just a joke on the separate extra risk issues there but separation has occurred. No $$ missing as far as we know.
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