Misleading the market is a very serious accusation to be made...

Misleading the market is a very serious accusation to be made against FMG. I cant see Twiggy putting the company in such a position given his previous legal problems.

SDL is down yes because the market is down but also because overseas traders are now looking elsewhere to invest their money. It was well explained on Lateline Business last night. The worst thing this tax has done is create uncertainty.

Investors are now thinking, well if they can give Australian mining companies the highest tax rates in the world then what's to stop them making other changes that adversely affect mining companies such as SDL with overseas operations?

It's all about uncertainty.