Twiggy Forrest ... aussie legend, page-3

  1. 37,911 Posts.
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    Never been a fan:

    1. Formed FMG, with sub-grade ore, with huge foreign borrowings, at huge risk to Australian sovereignty & investors

    2. Traditional patriarchal (thats not the right word) views towards Aboriginals, offering them jobs rather than ownership

    2a. Hypocritically was against the Mining Tax but then wanted 'socialist' help from the govt with his grievances against BHP and RIO

    3. Rumour is has been grovelling to Joe Hockey for the sale of FMG, since a new plunge in iron ore will see FMG close to insolvency. last 1/2, the FMG net profit margin was a small 6.5%

    4. Should not be allowed to sell FMG to Chinese since it will only harm Australia via over-supply for no profit to Australia

    5. Lost big money before for investors & may do it again. reckless
    Last edited by ddzx: 26/07/15
 
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