quarterly production report, page-31

I suppose when you've got 3.1b shares on issue, it doesn't really matter if you have to issue another three hundred million @ $4.

Interestingly, one of the things that I found very interesting in FMG's very early days, was a declaration by Andrew Forrest personally that he would never dilute existing shareholder's interests. The comment passed over the heads of many reporters and was never commented upon. But I heard it and did not forget.

The subject of financing the expansion has been speculated upon by the press ad nauseum. As I said earlier, they (one in particular) would just love to see problems arise, so they can say; "I told you so".

Its not going to happen, the sums have been done. But I like skeptics because they are a source of buying as the price rises. Bulls have already bought.

The history of FMG is like a broken record. But I do notice that the negative brigade is losing some steam. There were few skeptics at yesterday's release.