Iron ore price, page-21

Ahhh Good old Santos ... Oh I feel your pain Pear, but I was lucky with them ... bought in at $6 in Nov 2015; had to double up to average down in the same month for $4.39 when they tanked; then they do a CR so of course I had to uptake that offer to prevent too much dilution at $3.85; luckily then sold out everything at a $2K profit in July 2016 - $4.81 .... It quite easily could have been one of the worst investments I ever made if I didn't pull the pin for modest profit :-(... I hope they bounce back !!

... FMG could buy into them and Nev could make it work ? It could be good for both companies if done properly, and who knows what they are planning cause FMG have to have sheetloads of cash at bank by now but haven't made any further debt repayments ??? They could have easily paid out the $480 million debt if nothing else?? Must be keeping the cash for something ?