On the ABC's Inside Business program this morning, during an interview by Alan Kohler, the new CEO of FMG, Nev Power, was asked how FMG was expecting to achieve its ambitious target of a threefold increase in annual output [to 155 mn. tonnes]in two years, with further increases to 350 mn. tonnes thereafter. Kohler also asked him if FMG were considering diversifying their country [and product] mix. In reply to both questions Power said that FMG had not ruled out any options on product and country sourcing. When asked which countries, Power replied, half tongue in cheek, that they wouldn't go to any country where they and their families wouldn't want to holiday. Prodded further by Kohler on the specific countries they would consider, Power included Africa in the list. By connecting this exchange with SDL as a possible partner for FMG am I reading far too much into Power's response?!
SDL Price at posting:
38.0¢ Sentiment: LT Buy Disclosure: Held
