Yes, but the timing of Twiggys annoucement, 3 annoucements that...

Yes, but the timing of Twiggys annoucement, 3 annoucements that day actually, was bullseye. The expected Profit Loss position (which could be interpreted subjectively by the press or any others for their own agenda, whatever that may be), and the massive reserve upgrade and also the claim for "self funding" of the expansion programme. Mind you, I am sure FMG had some of this information before that day, but management waited for this phenominal events in the US. Any earlier... the 1st announcement, could have dropped the stock, the 2nd and 3rd...largely ignored.

Now, we got a increased bounce, to return the stock to a more fair value from the crazy shorting. Dont under-estimate the FMG management... many fundies have ridden them off for too long, to their own detriment and their funds customers. :)