FMG 1.90% $17.01 fortescue ltd

"Buy the rumour,sell the fact.".....Never more appropriate than...

  1. 1,936 Posts.
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    "Buy the rumour,sell the fact.".....Never more appropriate than this long awaited, and I might add highly expected capital raising. FMG simply had no option but to do a deal or risk becoming irelevent in the IO industry. Sure, this is going to hurt, and most of all Twiggy will be hit hard in the hip pocket... But that is what happens when you dont want to see the wood for the trees..... Twiggy could have sorted all this out when the SP was $10.00. The offers were there, but as is his habit He wanted it all his way....Annoconda all over again. Although, I do think that there are wiser heads making sure He doesnt stuff it up this time......All my own thoughts and opinion so please DYOR. I dont own any Shares,but will remain interested in their progress.....Peace......
 
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