no sign of twiggy ?, page-3

frank, i'm with you all the way there although I'll be in and out rather than holding..
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This was posted in the Western Australian?

West Coast Eagles chairman Mark Barnaba has joined the board of Andrew Forrests Fortescue Metals Group as a non-executive director.

Fortescue announced the appointment this afternoon.

Mr Barnabas full-time role is as executive chairman of Azure Capital, the Perth corporate advisory firm that has worked closely with

Fortescue in the past. One of Azures former partners, Michael Minosora, served as Fortescues chief financial officer for a brief period last year.

Fortescue this morning reported a 94 per cent fall in first-half net profit to $US43 million ($48.2 million).

The sharp fall in profit was predominantly because of the impact of a loan note revaluation, which inflated the previous corresponding halfs profit, and currency movements.

Fortescue said the adjusted figures showed a net profit of $US96 million for this half, compared to a $US162 million surplus for the same period last year.

Fortescues operating performance in the six months to December 31 included a 17 per cent increase in revenue to $US1.2 billion, achieved because of higher iron ore sales albeit lower prices for the steel-making commodity.

The miners shares closed down 7 to $4.89 on the back of the profit announcement and before Mr Barnabas appointment was made public.
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Sorry if this has been posted here before..