ubs says sell fmg buy gbg, page-12

We just had the perfect storm Riddick, March 2009. FMG was able to produce a profit $650 million in its first year running in quite possibly the worst GFC period we'll ever see. Analyst / brokers have never given FMG a chance but here they are going from strength to strength, listing on the Chinese stock exchange next year will see the SP rocket to new highs, mark my words. Regardless comparing FMG to GBG is chalk and cheese, not even on the same page.

Do you think the Chinese are parting with 6 Billion without doing their homework ?, not a chance in hell.