twiggy on inside business, page-25

123enen,

1) The 30000 or so jobs cancelled were jobs that were projected to be created but will now not.

haha, the job you have when you dont have a job, when the studies are still not in and the project is not really dead. Why is he continuing with the study?

2) It is not Fortescue's or Twiggy's job to decide whether the Solomon/Chichester projects go ahead. If the financiers have pulled out then they've pulled out... there's no money forthcoming for the projects = no project.

A financier waits to see the documentation. Has FMG provided a bankable feasibility study .NO.
No banker in their right mind would pull out ... they would simply say .. present the studies and if they are acceptable we may provide the the funds.
They dont say .. we are pulling out without even seeing if your project is attractive. That is not how they obtain new business.
Don't fall for the hot air. Every banker would still be willing to review the study paperwork ... none has been completed or presented.