FMG 2.25% $20.47 fortescue ltd

twiggy - what a smooth talker and con merchant!, page-6

  1. 547 Posts.
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    In terms of ANA you should also look at the similarities of who was responsible for ramp up and technology implementation and who is in fact now the largest shareholder. They are the same people and surprise, surprise they don't seem to have any technical problems now they own the project.

    The Chinese are pulling the same stunt, talking the project down to get at a cheaper price. I don't for one minute suggest FMG is worth $5 right now but the chinese know that bad press and uncertanty will allow them to get equity at a lower price.

    Nothing wrong with that but don't blame AF for his partners greed on both counts.
 
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